Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 54.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,808 shares of the home improvement retailer's stock after acquiring an additional 4,540 shares during the quarter. Farther Finance Advisors LLC's holdings in Lowe's Companies were worth $2,997,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wood Tarver Financial Group LLC purchased a new position in Lowe's Companies in the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in Lowe's Companies in the fourth quarter worth $31,000. Caisse Des Depots ET Consignations purchased a new position in shares of Lowe's Companies during the fourth quarter valued at about $33,000. Orion Capital Management LLC purchased a new position in shares of Lowe's Companies during the fourth quarter valued at about $36,000. Finally, IFS Advisors LLC grew its holdings in Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 60 shares during the period. Institutional investors own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction 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 of the company's stock, valued at $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LOW. Robert W. Baird lowered their price objective on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Sanford C. Bernstein set a $266.00 price objective on shares of Lowe's Companies and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Stifel Nicolaus dropped their price objective on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Piper Sandler decreased their price objective on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Finally, BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. One 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Stock Up 0.8%

LOW stock traded up $1.75 during trading on Thursday, hitting $223.35. The company had a trading volume of 2,485,859 shares, 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 firm has a 50-day moving average price of $223.64 and a 200-day moving average price of $240.51. The firm has a market cap of $125.17 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data 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. The company 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 firm's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.06 EPS. Sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.15%. Lowe's Companies's payout ratio is 39.77%.

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.