Canandaigua National Bank & Trust Co. Sells 1,131 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Canandaigua National Bank & Trust Co. trimmed its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,970 shares of the home improvement retailer's stock after selling 1,131 shares during the period. Canandaigua National Bank & Trust Co.'s holdings in Lowe's Companies were worth $3,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in shares of Lowe's Companies by 0.8% in the 1st quarter. Amalgamated Bank now owns 111,962 shares of the home improvement retailer's stock valued at $26,113,000 after purchasing an additional 917 shares during the period. Crown Wealth Group LLC increased its position in Lowe's Companies by 5.6% during the first quarter. Crown Wealth Group LLC now owns 1,088 shares of the home improvement retailer's stock worth $254,000 after buying an additional 58 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in Lowe's Companies by 6.7% in the first quarter. Avidian Wealth Enterprises LLC now owns 2,214 shares of the home improvement retailer's stock valued at $516,000 after buying an additional 139 shares during the period. Sovran Advisors LLC raised its stake in Lowe's Companies by 26.4% in the first quarter. Sovran Advisors LLC now owns 7,327 shares of the home improvement retailer's stock valued at $1,605,000 after buying an additional 1,530 shares during the period. Finally, Wall Street Financial Group Inc. lifted its position in shares of Lowe's Companies by 7.0% in the first quarter. Wall Street Financial Group Inc. now owns 1,259 shares of the home improvement retailer's stock valued at $294,000 after buying an additional 82 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Trading Down 0.8%

NYSE:LOW traded down $1.81 on Monday, hitting $221.82. The company had a trading volume of 2,735,307 shares, compared to its average volume of 2,491,101. The firm has a 50 day moving average of $223.18 and a two-hundred day moving average of $235.85. The stock has a market capitalization of $124.32 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.11 and a beta of 0.92. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $311.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter last year, the business posted $3.06 EPS. Lowe's Companies's revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 38.11%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Wednesday, May 21st. JPMorgan Chase & Co. decreased their target price on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. DA Davidson dropped their price target on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Finally, Piper Sandler reduced their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $271.12.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

Lowe's Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.