2,201 Shares in Lowe's Companies, Inc. (NYSE:LOW) Acquired by Inscription Capital LLC

Inscription Capital LLC purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,201 shares of the home improvement retailer's stock, valued at approximately $561,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gen Wealth Partners Inc raised its stake in shares of Lowe's Companies by 1.9% in the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock valued at $534,000 after purchasing an additional 40 shares in the last quarter. Cordatus Wealth Management LLC boosted its holdings in Lowe's Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after purchasing an additional 41 shares during the period. O Brien Greene & Co. Inc increased its stake in Lowe's Companies by 1.5% during the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock valued at $715,000 after purchasing an additional 42 shares during the last quarter. FFT Wealth Management LLC raised its holdings in shares of Lowe's Companies by 3.1% during the fourth quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer's stock worth $340,000 after purchasing an additional 42 shares during the period. Finally, First Command Advisory Services Inc. lifted its position in shares of Lowe's Companies by 1.3% in the 4th quarter. First Command Advisory Services Inc. now owns 3,166 shares of the home improvement retailer's stock worth $781,000 after buying an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on LOW. Sanford C. Bernstein set a $266.00 target price on Lowe's Companies and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Bank of America lowered their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley cut their price target on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.12.

Lowe's Companies Stock Down 0.6%

Lowe's Companies stock traded down $1.20 during mid-day trading on Thursday, hitting $210.72. The company's stock had a trading volume of 2,524,502 shares, compared to its average volume of 2,530,836. The stock has a market capitalization of $118.10 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.99 and a beta of 0.92. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The stock's fifty day moving average price is $223.40 and its two-hundred day moving average price is $238.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) 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 business 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 posted $3.06 EPS. The company's quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share 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. Shareholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 23rd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 2.28%. Lowe's Companies's dividend payout ratio is currently 38.11%.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president now directly owns 31,898 shares of the company's stock, valued at $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.27% of the company's stock.

Lowe's Companies Company Profile

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.