Lowe's Companies, Inc. (NYSE:LOW) Stock Position Lifted by Dividend Assets Capital LLC

Dividend Assets Capital LLC boosted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 41,118 shares of the home improvement retailer's stock after acquiring an additional 2,268 shares during the period. Lowe's Companies comprises approximately 1.8% of Dividend Assets Capital LLC's holdings, making the stock its 21st biggest holding. Dividend Assets Capital LLC's holdings in Lowe's Companies were worth $9,590,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. Brighton Jones LLC grew its position in shares of Lowe's Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC boosted its stake in Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after buying an additional 259 shares during the last quarter. Empowered Funds LLC grew its holdings in Lowe's Companies by 2.1% in the 4th quarter. Empowered Funds LLC now owns 41,245 shares of the home improvement retailer's stock valued at $10,179,000 after buying an additional 855 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Lowe's Companies by 9.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 33,049 shares of the home improvement retailer's stock valued at $8,156,000 after acquiring an additional 2,824 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Lowe's Companies during the 4th quarter valued at about $114,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 0.5%

Shares of LOW traded down $1.16 during mid-day trading on Wednesday, reaching $223.74. 417,264 shares of the stock traded hands, compared to its average volume of 2,517,138. The stock has a fifty day simple moving average of $223.54 and a 200 day simple moving average of $241.00. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The firm has a market cap of $125.39 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 1.96 and a beta of 0.92.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.04. The firm had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.06 EPS. On average, equities research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a $1.20 dividend. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.15%. Lowe's Companies's payout ratio is 39.77%.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president now owns 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 available at the SEC website. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LOW shares. Sanford C. Bernstein set a $266.00 target price on shares of Lowe's Companies and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Truist Financial set a $264.00 price target on shares of Lowe's Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Morgan Stanley lowered their price objective 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 dropped their price objective on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Finally, Citigroup reiterated a "neutral" rating and issued a $253.00 target price (down previously from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target 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.