Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,551 shares of the home improvement retailer's stock after acquiring an additional 1,242 shares during the quarter. Larson Financial Group LLC's holdings in Lowe's Companies were worth $3,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter valued at $25,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies in the fourth quarter valued at $33,000. Fairway Wealth LLC purchased a new stake in shares of Lowe's Companies in the first quarter valued at $32,000. Orion Capital Management LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Lowe's Companies in the first quarter valued at $36,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Down 3.2%

Shares of NYSE:LOW traded down $7.22 during trading on Tuesday, reaching $215.18. The stock had a trading volume of 2,909,035 shares, compared to its average volume of 2,498,252. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The company has a market capitalization of $120.60 billion, a P/E ratio of 17.83, a PEG ratio of 2.10 and a beta of 0.90. The firm's 50-day simple moving average is $224.09 and its 200 day simple moving average is $233.85.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, topping analysts' consensus estimates of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. Lowe's Companies's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the business earned $3.06 EPS. Equities research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, July 23rd. This is a boost 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 2.23%. Lowe's Companies's dividend payout ratio (DPR) is 38.11%.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares in the company, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on LOW shares. Wall Street Zen raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, May 21st. Citigroup reaffirmed a "neutral" rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. Truist Financial set a $264.00 price target on shares of Lowe's Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Sanford C. Bernstein set a $266.00 price target on shares of Lowe's Companies and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. One equities research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $271.12.

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.