Lowe’s Companies, Inc. (NYSE:LOW) is NBT Bank N A NY’s 8th Largest Position

NBT Bank N A NY reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,829 shares of the home improvement retailer’s stock after selling 2,056 shares during the quarter. Lowe’s Companies makes up approximately 1.7% of NBT Bank N A NY’s investment portfolio, making the stock its 8th largest position. NBT Bank N A NY’s holdings in Lowe’s Companies were worth $24,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies during the third quarter valued at $27,000. Winch Advisory Services LLC boosted its stake in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at $31,000. Finally, Financial Life Planners purchased a new stake in Lowe’s Companies in the fourth quarter worth about $45,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 0.3 %

Shares of Lowe’s Companies stock opened at $242.84 on Monday. The firm has a market capitalization of $137.12 billion, a P/E ratio of 20.25, a PEG ratio of 1.96 and a beta of 1.12. The company has a 50 day moving average price of $251.90 and a 200 day moving average price of $259.25. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on LOW shares. Piper Sandler dropped their target price on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada dropped their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Stifel Nicolaus increased their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Finally, Truist Financial dropped their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

About Lowe’s Companies

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.