Bartlett & CO. Wealth Management LLC Has $124.27 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Bartlett & CO. Wealth Management LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 532,839 shares of the home improvement retailer’s stock after selling 12,025 shares during the quarter. Lowe’s Companies accounts for approximately 1.8% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 13th largest position. Bartlett & CO. Wealth Management LLC owned approximately 0.10% of Lowe’s Companies worth $124,274,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at $25,000. Caisse Des Depots ET Consignations acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $33,000. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Lowe’s Companies during the 1st quarter worth approximately $36,000. Finally, IFS Advisors LLC increased its stake in shares of 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 acquiring an additional 60 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.3%

Shares of LOW opened at $221.47 on Friday. The firm has a market capitalization of $124.12 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 2.09 and a beta of 0.92. Lowe’s Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The stock’s fifty day simple moving average is $223.08 and its 200-day simple moving average is $236.58.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. Lowe’s Companies’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.06 earnings per share. Analysts anticipate 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 paid a $1.20 dividend. The ex-dividend date is Wednesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 2.17%. Lowe’s Companies’s dividend payout ratio is presently 38.11%.

Analysts Set New Price Targets

LOW has been the subject of several recent research reports. Citigroup reissued a “neutral” rating and issued a $253.00 price objective (down previously from $269.00) on shares of Lowe’s Companies in a report on Wednesday, May 14th. Truist Financial set a $264.00 price target on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. Robert W. Baird lowered their price objective on shares of Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lowered their target price on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Finally, Sanford C. Bernstein set a $266.00 price objective on Lowe’s Companies and gave the stock an “outperform” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $271.12.

Insiders Place Their Bets

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the firm’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 now owns 31,898 shares of the company’s stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

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.