Lowe's Companies, Inc. (NYSE:LOW) Stock Position Raised by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,103 shares of the home improvement retailer's stock after purchasing an additional 1,700 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Lowe's Companies were worth $45,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe's Companies during the 4th quarter valued at about $25,000. Fairway Wealth LLC purchased a new stake in shares of Lowe's Companies during the 1st quarter worth about $32,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies during the 4th quarter worth about $33,000. Orion Capital Management LLC purchased a new stake in shares of Lowe's Companies during the 4th quarter worth about $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Lowe's Companies during the 1st quarter worth about $36,000. Institutional investors and hedge funds 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 the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup restated a "neutral" rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. Guggenheim restated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a report on Tuesday. Truist Financial set a $264.00 target price on Lowe's Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, May 21st. Finally, Robert W. Baird reduced their target price on 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average price target of $271.12.

Lowe's Companies Trading Down 1.3%

LOW stock traded down $2.88 during trading hours on Thursday, hitting $225.74. 2,083,123 shares of the stock traded hands, compared to its average volume of 2,654,358. The stock has a 50-day simple moving average of $223.32 and a 200 day simple moving average of $232.76. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The company has a market cap of $126.51 billion, a P/E ratio of 18.70, a P/E/G ratio of 2.14 and a beta of 0.90.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $21.09 billion. During the same quarter last year, the company posted $3.06 EPS. Lowe's Companies's revenue for the quarter was down 2.0% on a year-over-year basis. Analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be given 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 dividend on an annualized basis and a dividend yield of 2.13%. Lowe's Companies's dividend payout ratio (DPR) is 39.77%.

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.