Integrated Advisors Network LLC Purchases 2,775 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Integrated Advisors Network LLC boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 17.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,283 shares of the home improvement retailer's stock after purchasing an additional 2,775 shares during the quarter. Integrated Advisors Network LLC's holdings in Lowe's Companies were worth $4,264,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Klingenstein Fields & Co. LP boosted its stake in Lowe's Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after purchasing an additional 39 shares during the period. Gen Wealth Partners Inc boosted its stake in 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 valued at $534,000 after purchasing an additional 40 shares during the period. Cordatus Wealth Management LLC lifted its position in shares of Lowe's Companies by 0.3% in the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after acquiring an additional 41 shares during the period. O Brien Greene & Co. Inc lifted its position in shares of Lowe's Companies by 1.5% in the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock worth $715,000 after acquiring an additional 42 shares during the period. Finally, FFT Wealth Management LLC lifted its position in shares of Lowe's Companies by 3.1% in the 4th quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer's stock worth $340,000 after acquiring an additional 42 shares during the period. Institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada reduced their price objective on Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd. Citigroup restated a "neutral" rating and set a $253.00 target price (down previously from $269.00) on shares of Lowe's Companies in a research report on Wednesday, May 14th. Wells Fargo & Company cut their target price on 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. Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Wednesday, May 21st. Finally, Robert W. Baird cut their target price on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have assigned 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 Up 0.8%

Shares of NYSE:LOW traded up $1.75 during midday trading on Thursday, reaching $223.35. The company had a trading volume of 2,485,859 shares, compared to its average volume of 2,522,683. The business's 50 day moving average price is $223.64 and its 200 day moving average price is $240.51. The stock has a market cap of $125.17 billion, a PE ratio of 18.63, a P/E/G ratio of 1.96 and a beta of 0.92. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. The business 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 47.55% and a net margin of 8.19%. Lowe's Companies's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.06 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be paid a $1.20 dividend. This is a positive change 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 2.15%. Lowe's Companies's dividend payout ratio is currently 39.77%.

Insider Buying and Selling 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 stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company's stock.

Lowe's Companies 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.