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

NBT Bank N A NY trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,829 shares of the home improvement retailer’s stock after selling 2,056 shares during the quarter. Lowe’s Companies makes up about 1.7% of NBT Bank N A NY’s portfolio, making the stock its 8th biggest holding. NBT Bank N A NY’s holdings in Lowe’s Companies were worth $24,391,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at approximately $27,000. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $31,000. Winch Advisory Services LLC grew its stake in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the period. Finally, Financial Life Planners acquired a new stake in Lowe’s Companies in the 4th quarter valued at $45,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LOW shares. Barclays lifted their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Mizuho dropped their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada dropped their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Trading Down 0.3 %

Shares of LOW stock opened at $242.84 on Monday. The company’s 50-day moving average price is $251.90 and its 200-day moving average price is $259.25. The stock has a market cap of $137.12 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results 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 firm had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

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.