Canton Hathaway LLC Grows Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Canton Hathaway LLC raised its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 228.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,185 shares of the home improvement retailer's stock after buying an additional 5,000 shares during the period. Canton Hathaway LLC's holdings in Lowe's Companies were worth $1,676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wood Tarver Financial Group LLC purchased a new position in Lowe's Companies in the fourth quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in Lowe's Companies in the fourth quarter valued at $31,000. Caisse Des Depots ET Consignations purchased a new position in Lowe's Companies in the fourth quarter valued at $33,000. Orion Capital Management LLC purchased a new position in Lowe's Companies in the fourth quarter valued at $36,000. Finally, IFS Advisors LLC lifted its holdings in Lowe's Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after buying an additional 60 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the company'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 now directly owns 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. DA Davidson decreased their price target on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Piper Sandler decreased their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Finally, Mizuho reaffirmed an "outperform" rating and set a $280.00 price target on shares of Lowe's Companies in a report on Friday, June 13th. 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's stock. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $271.12.

Lowe's Companies Stock Up 0.7%

Shares of Lowe's Companies stock opened at $212.40 on Friday. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The firm has a market cap of $119.04 billion, a PE ratio of 17.60, a P/E/G ratio of 1.99 and a beta of 0.92. The business's fifty day moving average is $223.03 and its two-hundred day moving average is $238.02.

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. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same quarter in the prior year, the company posted $3.06 EPS. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The company 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 represents a $4.80 dividend on an annualized basis and a dividend yield of 2.26%. 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. Lowe's Companies's dividend payout ratio is presently 39.77%.

About Lowe's Companies

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.

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