12,794 Shares in Lowe's Companies, Inc. (NYSE:LOW) Bought by Alpine Bank Wealth Management

Alpine Bank Wealth Management acquired a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,794 shares of the home improvement retailer's stock, valued at approximately $2,984,000.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its holdings in shares of Lowe's Companies by 140.5% during the 1st quarter. Golden State Wealth Management LLC now owns 5,531 shares of the home improvement retailer's stock worth $1,291,000 after purchasing an additional 3,231 shares in the last quarter. Aurora Private Wealth Inc. bought a new stake in Lowe's Companies during the first quarter worth about $4,748,000. S.A. Mason LLC grew its stake in Lowe's Companies by 2.8% during the first quarter. S.A. Mason LLC now owns 4,194 shares of the home improvement retailer's stock worth $978,000 after buying an additional 115 shares in the last quarter. Econ Financial Services Corp increased its holdings in Lowe's Companies by 111.7% in the 1st quarter. Econ Financial Services Corp now owns 8,195 shares of the home improvement retailer's stock valued at $1,911,000 after buying an additional 4,324 shares during the period. Finally, Moran Wealth Management LLC raised its position in shares of Lowe's Companies by 23.5% in the 1st quarter. Moran Wealth Management LLC now owns 58,929 shares of the home improvement retailer's stock valued at $13,744,000 after buying an additional 11,204 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOW. Sanford C. Bernstein set a $266.00 price target on shares of Lowe's Companies and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Mizuho reissued an "outperform" rating and set a $280.00 price target on shares of Lowe's Companies in a report on Friday, June 13th. Robert W. Baird reduced their price objective on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. 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 research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $271.12.

Lowe's Companies Stock Performance

Shares of LOW stock traded up $0.78 on Wednesday, hitting $220.76. The company had a trading volume of 2,081,662 shares, compared to its average volume of 2,535,143. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The firm has a market cap of $123.72 billion, a P/E ratio of 18.29, a P/E/G ratio of 2.07 and a beta of 0.92. The stock's 50-day moving average is $222.91 and its two-hundred day moving average is $237.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results 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 net margin of 8.22% and a negative return on equity of 49.12%. The company's revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.06 EPS. Equities research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a $1.20 dividend. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 2.17%. Lowe's Companies's payout ratio is presently 38.11%.

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.