Saturna Capital Corp Has $99.64 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Saturna Capital Corp boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 427,201 shares of the home improvement retailer’s stock after purchasing an additional 400 shares during the period. Lowe’s Companies accounts for about 1.5% of Saturna Capital Corp’s investment portfolio, making the stock its 26th biggest holding. Saturna Capital Corp’s holdings in Lowe’s Companies were worth $99,636,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Wood Tarver Financial Group LLC bought a new position in shares of Lowe’s Companies in the 4th quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Lowe’s Companies during the 1st quarter valued at about $32,000. Caisse Des Depots ET Consignations purchased a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $33,000. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter worth approximately $36,000. Institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe’s Companies 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 completion of the transaction, the executive vice president directly owned 31,898 shares of the company’s stock, valued at $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Up 1.0%

Shares of Lowe’s Companies stock opened at $218.68 on Friday. The company’s 50-day moving average price is $223.67 and its two-hundred day moving average price is $233.40. The stock has a market cap of $122.56 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.04. The firm had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. 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 company posted $3.06 earnings per share. On average, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.19%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.11%.

Analysts Set New Price Targets

LOW has been the topic of a number of research reports. DA Davidson lowered their price target on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, May 22nd. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. Mizuho restated an “outperform” rating and set a $280.00 price target on shares of Lowe’s Companies in a research note on Friday, June 13th. Stifel Nicolaus lowered their target price on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. Finally, Citigroup reissued a “neutral” rating and set a $253.00 target price (down previously from $269.00) on shares of Lowe’s Companies in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.12.

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.