Kintegral Advisory LLC Reduces Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Kintegral Advisory LLC decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 32.9% during the first quarter, HoldingsChannel.com reports. The firm owned 14,653 shares of the home improvement retailer’s stock after selling 7,187 shares during the period. Kintegral Advisory LLC’s holdings in Lowe’s Companies were worth $3,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LOW. Wood Tarver Financial Group LLC purchased a new position in Lowe’s Companies in the fourth quarter worth $25,000. Caisse Des Depots ET Consignations purchased a new stake in Lowe’s Companies in the fourth quarter worth approximately $33,000. Orion Capital Management LLC bought a new position in Lowe’s Companies during the fourth quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in shares of Lowe’s Companies during the first quarter worth approximately $36,000. Finally, IFS Advisors LLC lifted its holdings 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 worth $37,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $228.00 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The business has a fifty day moving average price of $223.84 and a 200 day moving average price of $235.23. The stock has a market capitalization of $127.78 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.14 and a beta of 0.90.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. The firm had revenue of $20.93 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $3.06 earnings per share. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio is currently 38.11%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the sale, the executive vice president owned 31,898 shares of the company’s stock, valued at approximately $7,256,795. This 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 the SEC website. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. DA Davidson decreased their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, May 22nd. Sanford C. Bernstein set a $266.00 target price on Lowe’s Companies and gave the company an “outperform” rating in a report on Thursday, May 22nd. Stifel Nicolaus lowered their price target on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating for the company in a report on Tuesday, May 27th. Finally, Piper Sandler lowered their price objective on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.12.

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.