Cambridge Trust Co. cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 246,648 shares of the home improvement retailer’s stock after selling 4,211 shares during the period. Lowe’s Companies comprises about 1.3% of Cambridge Trust Co.’s portfolio, making the stock its 26th largest position. Cambridge Trust Co.’s holdings in Lowe’s Companies were worth $20,277,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. SRS Capital Advisors Inc. boosted its stake in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after buying an additional 13 shares during the last quarter. Winfield Associates Inc. boosted its stake in shares of Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 15 shares during the last quarter. Modera Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after buying an additional 15 shares during the last quarter. Finally, First Personal Financial Services boosted its stake in shares of Lowe’s Companies by 0.3% in the first quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock worth $663,000 after buying an additional 21 shares during the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies, Inc. (NYSE:LOW) traded down 3.210% during mid-day trading on Tuesday, hitting $75.225. The stock had a trading volume of 3,108,013 shares. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The firm has a market cap of $63.51 billion, a PE ratio of 23.589 and a beta of 1.08. The company has a 50-day moving average of $76.74 and a 200-day moving average of $79.53.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing the consensus estimate of $1.06 by $0.03. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The company had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $16.99 billion. During the same period in the previous year, the business posted $0.87 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Analysts expect that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th were given a dividend of $0.41 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, July 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.11%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 51.57%.

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A number of equities research analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) dropped their price objective on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Longbow Research reiterated a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a report on Monday. Vetr lowered Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price for the company. in a report on Monday, May 8th. Stifel Nicolaus decreased their target price on Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. set a $100.00 target price on Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. Lowe’s Companies currently has an average rating of “Hold” and an average price target of $85.63.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the transaction, the insider now owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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