Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 283,695 shares of the home improvement retailer’s stock after selling 4,803 shares during the period. Modera Wealth Management LLC owned 0.05% of Lowe’s Companies worth $66,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC increased its position in shares of Lowe’s Companies by 1.0% in the 4th quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer’s stock worth $6,483,558,000 after purchasing an additional 259,766 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Lowe’s Companies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer’s stock valued at $2,952,341,000 after buying an additional 245,876 shares during the last quarter. Northern Trust Corp grew its position in shares of 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 valued at $1,745,960,000 after buying an additional 993,833 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Lowe’s Companies by 6.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer’s stock valued at $1,242,793,000 after buying an additional 323,371 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in shares of Lowe’s Companies by 350.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock valued at $585,770,000 after buying an additional 1,846,315 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd. Citigroup reaffirmed a “neutral” rating and set a $253.00 price objective (down previously from $269.00) on shares of Lowe’s Companies in a research report on Wednesday, May 14th. Wells Fargo & Company lowered their price objective on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Royal Bank Of Canada lowered their price objective on shares of Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating for the company in a research report on Thursday, May 22nd. Finally, Mizuho reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Lowe’s Companies in a research report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $271.12.

Lowe’s Companies Trading Down 0.0%

Shares of NYSE:LOW opened at $229.98 on Wednesday. The company has a 50 day moving average of $222.93 and a 200-day moving average of $232.12. The firm has a market cap of $128.89 billion, a P/E ratio of 19.05, a P/E/G ratio of 2.17 and a beta of 0.90. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share 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 analyst estimates of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.06 EPS. Equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a $1.20 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio is currently 39.77%.

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.