Geneos Wealth Management Inc. Buys 4,921 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Geneos Wealth Management Inc. boosted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 69.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,007 shares of the home improvement retailer's stock after purchasing an additional 4,921 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Lowe's Companies were worth $2,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC increased its holdings in shares of Lowe's Companies by 59.1% in the first quarter. N.E.W. Advisory Services LLC now owns 1,605 shares of the home improvement retailer's stock worth $374,000 after purchasing an additional 596 shares during the period. Clarendon Private LLC grew its position in Lowe's Companies by 27.0% during the first quarter. Clarendon Private LLC now owns 2,330 shares of the home improvement retailer's stock worth $543,000 after buying an additional 495 shares in the last quarter. Fielder Capital Group LLC increased its stake in Lowe's Companies by 5.9% in the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock worth $202,000 after acquiring an additional 48 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its stake in Lowe's Companies by 5.3% in the 1st quarter. Pin Oak Investment Advisors Inc. now owns 2,407 shares of the home improvement retailer's stock worth $561,000 after acquiring an additional 122 shares during the last quarter. Finally, Solidarity Wealth LLC increased its stake in Lowe's Companies by 6.0% in the 1st quarter. Solidarity Wealth LLC now owns 5,777 shares of the home improvement retailer's stock worth $1,347,000 after acquiring an additional 328 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Price Performance

LOW traded up $2.76 during trading on Friday, hitting $226.33. 3,400,746 shares of the stock traded hands, compared to its average volume of 2,422,152. The firm has a market capitalization of $126.84 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. The firm has a 50-day moving average of $223.03 and a 200 day moving average of $231.74. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.06 EPS. As a group, equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued 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 yield of 2.1%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.77%.

Insider Buying and Selling

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 31,898 shares in the company, valued at approximately $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LOW. Mizuho restated an "outperform" rating and issued a $280.00 target price on shares of Lowe's Companies in a research note on Friday, June 13th. Sanford C. Bernstein set a $266.00 price target on shares of Lowe's Companies and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Morgan Stanley cut their price target 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. DA Davidson cut their price target on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $270.68.

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.