Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 532,839 shares of the home improvement retailer's stock after selling 12,025 shares during the period. Lowe's Companies comprises approximately 1.8% of Bartlett & CO. Wealth Management LLC's portfolio, making the stock its 13th largest position. Bartlett & CO. Wealth Management LLC owned 0.10% of Lowe's Companies worth $124,274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Brighton Jones LLC grew its holdings in shares of Lowe's Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after buying an additional 259 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Lowe's Companies in the fourth quarter worth $353,000. Advisor OS LLC grew its stake in shares of Lowe's Companies by 14.4% in the fourth quarter. Advisor OS LLC now owns 1,323 shares of the home improvement retailer's stock worth $326,000 after acquiring an additional 167 shares in the last quarter. Finally, Carlson Capital L.P. purchased a new stake in shares of Lowe's Companies during the fourth quarter worth $568,000. Hedge funds and other 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 firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president now owns 31,898 shares of the company's stock, valued at $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by company insiders.

Lowe's Companies Trading Up 1.1%

Shares of NYSE LOW traded up $2.43 during trading hours on Friday, reaching $223.66. The stock had a trading volume of 3,227,400 shares, compared to its average volume of 2,531,291. The firm has a 50-day moving average of $223.08 and a 200-day moving average of $236.58. The firm has a market cap of $125.35 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.09 and a beta of 0.92. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company's revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.06 earnings per share. On average, equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 38.11%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LOW shares. JPMorgan Chase & Co. decreased their target price on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Wells Fargo & Company decreased their price objective on 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. Royal Bank Of Canada lowered their price objective on 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. Wall Street Zen raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, Mizuho reiterated an "outperform" rating and issued a $280.00 price target on shares of Lowe's Companies in a research note on Friday, June 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.