Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by InTrack Investment Management Inc

InTrack Investment Management Inc grew its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 209.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,650 shares of the home improvement retailer's stock after purchasing an additional 2,471 shares during the quarter. InTrack Investment Management Inc's holdings in Lowe's Companies were worth $851,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Klingenstein Fields & Co. LP lifted its position in shares of 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 acquiring an additional 39 shares during the period. Gen Wealth Partners Inc raised its stake in Lowe's Companies by 1.9% in the fourth 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 grew its stake in Lowe's Companies by 0.3% during the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after buying an additional 41 shares in the last quarter. O Brien Greene & Co. Inc increased its holdings in 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 valued at $715,000 after buying an additional 42 shares during the period. Finally, FFT Wealth Management LLC raised 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 valued at $340,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insider Buying and Selling

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies 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 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 SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Lowe's Companies Price Performance

Shares of NYSE LOW traded up $1.75 during mid-day trading on Thursday, hitting $223.35. 2,485,859 shares of the company's stock traded hands, compared to its average volume of 2,522,683. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The company's 50-day moving average is $223.64 and its two-hundred day moving average is $240.51. The company has a market capitalization of $125.17 billion, a P/E ratio of 18.63, a PEG ratio of 1.96 and a beta of 0.92.

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 for the quarter, topping analysts' consensus estimates of $2.88 by $0.04. The business had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business's revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.06 earnings per share. Equities 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. Stockholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.15%. Lowe's Companies's dividend payout ratio is currently 39.77%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LOW. Wall Street Zen upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company decreased 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. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Finally, Truist Financial set a $264.00 price target on Lowe's Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.