Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by Berkeley Inc

Berkeley Inc raised its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,948 shares of the home improvement retailer's stock after acquiring an additional 4,645 shares during the period. Lowe's Companies makes up approximately 6.2% of Berkeley Inc's holdings, making the stock its 4th biggest holding. Berkeley Inc's holdings in Lowe's Companies were worth $13,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wood Tarver Financial Group LLC bought a new position in Lowe's Companies during the fourth quarter valued at $25,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies during the 4th quarter valued at about $33,000. Fairway Wealth LLC bought a new position in shares of Lowe's Companies in the 1st quarter valued at about $32,000. Orion Capital Management LLC bought a new stake in Lowe's Companies during the fourth quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Lowe's Companies during the first quarter valued at approximately $36,000. 74.06% of the stock is currently owned by institutional investors.

Insider Transactions at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the company's 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 transaction, the executive vice president owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LOW shares. Wall Street Zen raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price for the company in a report on Friday, April 25th. Robert W. Baird cut their price target 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. Truist Financial set a $264.00 target price on Lowe's Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus decreased their price target on Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $271.12.

Lowe's Companies Price Performance

Lowe's Companies stock traded down $3.79 during mid-day trading on Friday, hitting $224.12. 1,840,145 shares of the company were exchanged, compared to its average volume of 2,493,668. The business's 50 day simple moving average is $224.14 and its two-hundred day simple moving average is $234.13. The company has a market capitalization of $125.61 billion, a P/E ratio of 18.57, a PEG ratio of 2.12 and a beta of 0.90. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) 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 for 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 quarter in the prior year, the company posted $3.06 EPS. Equities research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe's Companies's dividend 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.