Commerzbank Aktiengesellschaft FI Raises Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 22.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,063 shares of the home improvement retailer's stock after acquiring an additional 2,375 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Lowe's Companies were worth $3,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wood Tarver Financial Group LLC bought a new position in shares of Lowe's Companies during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in Lowe's Companies in the first quarter worth $32,000. Caisse Des Depots ET Consignations bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $33,000. Orion Capital Management LLC bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Lowe's Companies in the 1st quarter worth about $36,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of LOW stock traded up $0.56 during trading hours on Friday, reaching $219.14. 2,399,060 shares of the company traded hands, compared to its average volume of 2,496,913. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a market cap of $122.81 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.05 and a beta of 0.90. The firm has a 50-day moving average price of $223.67 and a 200 day moving average price of $233.40.

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 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 firm had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. During the same period in the previous year, the firm earned $3.06 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. Sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 EPS 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 given a dividend of $1.20 per share. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's payout ratio is presently 38.11%.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the transaction, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LOW shares. JPMorgan Chase & Co. decreased their price target on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Citigroup reiterated a "neutral" rating and issued a $253.00 price target (down from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. Mizuho restated an "outperform" rating and set a $280.00 price target on shares of Lowe's Companies in a report on Friday, June 13th. Truist Financial set a $264.00 price target on Lowe's Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Telsey Advisory Group restated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, May 21st. 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $271.12.

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.