3,600 Shares in Lowe's Companies, Inc. (NYSE:LOW) Bought by Intact Investment Management Inc.

Intact Investment Management Inc. bought a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,600 shares of the home improvement retailer's stock, valued at approximately $840,000.

Other hedge funds also recently made changes to their positions in the company. Gen Wealth Partners Inc raised its holdings in shares of Lowe's Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after acquiring an additional 40 shares in the last quarter. FFT Wealth Management LLC lifted its position in 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 valued at $340,000 after purchasing an additional 42 shares during the last quarter. First Command Advisory Services Inc. grew its stake 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 in the last quarter. Peachtree Investment Partners LLC increased its holdings in shares of Lowe's Companies by 3.4% in the 4th quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer's stock worth $317,000 after buying an additional 42 shares during the last quarter. Finally, Second Line Capital LLC raised its position in shares of Lowe's Companies by 0.9% during the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock valued at $1,183,000 after buying an additional 44 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on LOW. Mizuho reissued an "outperform" rating and set a $280.00 price objective on shares of Lowe's Companies in a research note on Friday, June 13th. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target on the stock in a report on Friday, April 25th. Robert W. Baird dropped their price objective on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company cut their price objective on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. One investment 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $271.12.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is currently owned by corporate insiders.

Lowe's Companies Price Performance

Shares of NYSE:LOW traded up $1.55 during trading on Tuesday, reaching $220.12. 2,208,272 shares of the company were exchanged, compared to its average volume of 2,536,954. The business's fifty day simple moving average is $222.92 and its 200-day simple moving average is $237.17. 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 capitalization of $123.36 billion, a PE ratio of 18.24, a P/E/G ratio of 2.07 and a beta of 0.92.

Lowe's Companies (NYSE:LOW - Get Free Report) last released 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. The company had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. Lowe's Companies's quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business posted $3.06 EPS. On average, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a $1.20 dividend. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's payout ratio is presently 38.11%.

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.