Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Second Half Financial Partners LLC

Second Half Financial Partners LLC lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,702 shares of the home improvement retailer's stock after selling 1,455 shares during the quarter. Lowe's Companies comprises about 0.8% of Second Half Financial Partners LLC's holdings, making the stock its 28th largest position. Second Half Financial Partners LLC's holdings in Lowe's Companies were worth $1,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. IFS Advisors LLC acquired a new position in shares of Lowe's Companies during the fourth quarter worth about $25,000. Winch Advisory Services LLC increased its position in Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC acquired a new position in Lowe's Companies during the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations purchased a new position in shares of Lowe's Companies during the 4th quarter worth approximately $33,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Up 2.1 %

Shares of LOW stock traded up $4.58 on Friday, reaching $226.90. 1,354,034 shares of the stock were exchanged, compared to its average volume of 2,477,384. The stock has a market cap of $127.00 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The firm has a 50 day moving average of $227.73 and a two-hundred day moving average of $249.48. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, equities research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.03%. Lowe's Companies's payout ratio is currently 37.67%.

Analyst Ratings Changes

Several research analysts have issued reports on LOW shares. Mizuho cut their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Piper Sandler cut their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Truist Financial decreased their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Finally, 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 Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $278.21.

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.