NBT Bank N A NY Has $22.68 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

NBT Bank N A NY trimmed its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,262 shares of the home improvement retailer's stock after selling 1,567 shares during the quarter. Lowe's Companies accounts for about 1.6% of NBT Bank N A NY's holdings, making the stock its 9th largest position. NBT Bank N A NY's holdings in Lowe's Companies were worth $22,684,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Wood Tarver Financial Group LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in Lowe's Companies during the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations purchased a new stake in Lowe's Companies in the 4th quarter worth approximately $33,000. Orion Capital Management LLC bought a new position in Lowe's Companies in the 4th quarter valued at $36,000. Finally, IFS Advisors LLC boosted its holdings in Lowe's Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 60 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOW. Piper Sandler decreased their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. 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 note on Tuesday, May 6th. Robert W. Baird lowered their price target on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Wednesday, May 21st. Finally, Sanford C. Bernstein set a $266.00 price objective on shares of Lowe's Companies and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Stock Down 0.6%

NYSE LOW opened at $215.98 on Tuesday. The company has a 50-day simple moving average of $223.88 and a two-hundred day simple moving average of $239.26. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The firm has a market cap of $121.04 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.96 and a beta of 0.92.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results 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 47.55% and a net margin of 8.19%. The company had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. During the same period in the prior year, the business posted $3.06 EPS. Lowe's Companies's quarterly revenue was down 2.0% compared to the same quarter last year. Equities analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.22%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.77%.

Insider Buying and Selling

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is owned by insiders.

Lowe's Companies Company 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.

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