Community Trust & Investment Co. lifted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,502 shares of the home improvement retailer's stock after buying an additional 1,251 shares during the quarter. Community Trust & Investment Co.'s holdings in Lowe's Companies were worth $12,945,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Aptus Capital Advisors LLC boosted its position in shares of Lowe's Companies by 14.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer's stock worth $26,236,000 after purchasing an additional 13,092 shares during the period. World Investment Advisors lifted its stake in shares of Lowe's Companies by 11.0% during the 4th quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer's stock valued at $6,498,000 after buying an additional 2,615 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in Lowe's Companies by 1.5% in the 4th quarter. Great Lakes Advisors LLC now owns 472,838 shares of the home improvement retailer's stock worth $116,696,000 after buying an additional 7,187 shares during the period. Northern Trust Corp increased its stake in Lowe's Companies by 16.3% in the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock worth $1,745,960,000 after buying an additional 993,833 shares in the last quarter. Finally, Trek Financial LLC purchased a new stake in Lowe's Companies in the 4th quarter worth $882,000. 74.06% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business'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 transaction, the executive vice president now owns 31,898 shares in the company, valued at $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on LOW shares. Stifel Nicolaus dropped their price objective 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. Citigroup reissued a "neutral" rating and issued a $253.00 price target (down from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. DA Davidson cut their price objective on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Sanford C. Bernstein set a $266.00 target price on shares of Lowe's Companies and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company dropped their target price on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $271.12.
Check Out Our Latest Analysis on LOW
Lowe's Companies Stock Performance
NYSE LOW opened at $216.99 on Monday. The business's 50 day moving average price is $223.77 and its 200-day moving average price is $239.65. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The company has a market cap of $121.61 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.96 and a beta of 0.92.
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 EPS for the quarter, topping the consensus estimate of $2.88 by $0.04. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. During the same period in the previous year, the firm earned $3.06 earnings per share. Lowe's Companies's quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.
Lowe's Companies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.21%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio is presently 39.77%.
About Lowe's Companies
(
Free Report)
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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