Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% in the first quarter, HoldingsChannel reports. The firm owned 56,988 shares of the home improvement retailer’s stock after buying an additional 1,637 shares during the quarter. Independent Advisor Alliance’s holdings in Lowe’s Companies were worth $13,291,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. State of Alaska Department of Revenue grew its holdings in Lowe’s Companies by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock worth $29,223,000 after acquiring an additional 1,470 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in Lowe’s Companies by 14.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer’s stock worth $26,236,000 after acquiring an additional 13,092 shares in the last quarter. Larson Financial Group LLC grew its holdings in Lowe’s Companies by 8.1% during the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock worth $3,860,000 after acquiring an additional 1,242 shares in the last quarter. Northern Trust Corp grew its holdings in Lowe’s Companies by 16.3% during the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock worth $1,745,960,000 after acquiring an additional 993,833 shares in the last quarter. Finally, Cornerstone Wealth Group LLC grew its holdings in Lowe’s Companies by 12.6% during the 1st quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock worth $6,848,000 after acquiring an additional 3,295 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $241.37 on Monday. The company has a market cap of $135.27 billion, a P/E ratio of 20.00, a PEG ratio of 2.28 and a beta of 0.89. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The firm has a fifty day moving average of $224.39 and a two-hundred day moving average of $230.57.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The company 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 quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.06 EPS. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were paid a dividend of $1.20 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio is currently 39.77%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president directly owned 31,898 shares of the company’s stock, valued at $7,256,795. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LOW has been the subject of several analyst reports. Royal Bank Of Canada lowered their price target on shares of Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating for the company in a report on Thursday, May 22nd. DA Davidson lowered their price target on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, May 22nd. Citigroup lowered their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 21st. Finally, Stifel Nicolaus reduced their price objective on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating for the company in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $270.68.

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.