Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR decreased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,095 shares of the home improvement retailer's stock after selling 2,365 shares during the period. Lowe's Companies makes up about 1.7% of Pioneer Trust Bank N A OR's holdings, making the stock its 25th biggest position. Pioneer Trust Bank N A OR's holdings in Lowe's Companies were worth $6,319,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FMR LLC grew its holdings in shares of Lowe's Companies by 1.0% in the 4th quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock worth $6,483,558,000 after acquiring an additional 259,766 shares during the period. Geode Capital Management LLC grew its holdings in Lowe's Companies by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock valued at $2,952,341,000 after purchasing an additional 245,876 shares during the last quarter. Norges Bank purchased a new position in shares of Lowe's Companies in the fourth quarter valued at $1,842,954,000. Northern Trust Corp increased its position in shares of Lowe's Companies by 16.3% in the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock valued at $1,745,960,000 after buying an additional 993,833 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Lowe's Companies by 6.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock worth $1,242,793,000 after buying an additional 323,371 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Price Performance

NYSE LOW traded down $1.54 during mid-day trading on Monday, hitting $222.59. The company's stock had a trading volume of 2,766,978 shares, compared to its average volume of 2,651,356. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The stock's fifty day simple moving average is $224.14 and its two-hundred day simple moving average is $234.03. The firm has a market capitalization of $124.75 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.90.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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 net margin of 8.22% and a negative return on equity of 49.12%. The business had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same quarter in the previous year, the business posted $3.06 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. On average, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Wednesday, July 23rd. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio is currently 39.77%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LOW shares. Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a report on Wednesday, May 21st. Wells Fargo & Company reduced their target price on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Truist Financial set a $264.00 target price on Lowe's Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Mizuho reissued an "outperform" rating and issued a $280.00 price target on shares of Lowe's Companies in a report on Friday, June 13th. Finally, Morgan Stanley decreased their price objective on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $271.12.

Insider Transactions at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the transaction, the executive vice president directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by company 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.