Brown Advisory Inc. Sells 6,270 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Brown Advisory Inc. trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 678,356 shares of the home improvement retailer's stock after selling 6,270 shares during the quarter. Brown Advisory Inc. owned about 0.12% of Lowe's Companies worth $158,213,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions 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 stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president owned 31,898 shares of the company's stock, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Lowe's Companies Price Performance

Shares of LOW traded down $1.51 during mid-day trading on Tuesday, hitting $223.48. 2,671,498 shares of the company's stock were exchanged, compared to its average volume of 2,502,154. The company has a market cap of $125.25 billion, a PE ratio of 18.52, a P/E/G ratio of 2.16 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. The company has a 50-day simple moving average of $224.06 and a 200 day simple moving average of $234.70.

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 the consensus estimate of $2.88 by $0.04. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. During the same period last year, the business earned $3.06 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 2.15%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.77%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LOW. Truist Financial set a $264.00 target price on shares of Lowe's Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Morgan Stanley cut their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Robert W. Baird lowered 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. Citigroup reissued a "neutral" rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. Finally, Stifel Nicolaus lowered their price target 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average price target 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.