Peoples Bank KS Purchases 109 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Peoples Bank KS boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,986 shares of the home improvement retailer’s stock after acquiring an additional 109 shares during the period. Lowe’s Companies accounts for 1.4% of Peoples Bank KS’s investment portfolio, making the stock its 17th biggest holding. Peoples Bank KS’s holdings in Lowe’s Companies were worth $2,096,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dumont & Blake Investment Advisors LLC lifted its position in shares of Lowe’s Companies by 1.1% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer’s stock worth $1,066,000 after purchasing an additional 49 shares during the last quarter. Somerset Trust Co increased its position in Lowe’s Companies by 2.9% in the 1st quarter. Somerset Trust Co now owns 30,429 shares of the home improvement retailer’s stock worth $7,097,000 after buying an additional 854 shares during the period. BTC Capital Management Inc. lifted its holdings in shares of Lowe’s Companies by 1.4% during the first quarter. BTC Capital Management Inc. now owns 30,833 shares of the home improvement retailer’s stock worth $7,191,000 after buying an additional 434 shares during the last quarter. Burns J W & Co. Inc. NY boosted its position in shares of Lowe’s Companies by 1.7% in the first quarter. Burns J W & Co. Inc. NY now owns 26,474 shares of the home improvement retailer’s stock valued at $6,175,000 after acquiring an additional 444 shares during the period. Finally, Legacy Financial Strategies LLC boosted its position in shares of Lowe’s Companies by 0.9% in the first quarter. Legacy Financial Strategies LLC now owns 13,417 shares of the home improvement retailer’s stock valued at $3,129,000 after acquiring an additional 124 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LOW. Bank of America cut their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Robert W. Baird dropped their price objective on shares of Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. Wells Fargo & Company reduced their target price on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Morgan Stanley decreased their target price on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Finally, Truist Financial set a $264.00 price target on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. One investment 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 company has an average rating of “Moderate Buy” and a consensus price target of $271.12.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $225.57 on Friday. The company’s fifty day moving average is $224.20 and its 200-day moving average is $242.95. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The company has a market capitalization of $126.25 billion, a PE ratio of 18.81, a P/E/G ratio of 1.96 and a beta of 1.00.

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 (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.04. The firm 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 8.19% and a negative return on equity of 47.55%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $3.06 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.13%. Lowe’s Companies’s payout ratio is presently 38.11%.

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.