Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,299 shares of the home improvement retailer's stock after purchasing an additional 1,470 shares during the period. State of Alaska Department of Revenue's holdings in Lowe's Companies were worth $29,223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Gen Wealth Partners Inc lifted its position in Lowe's Companies by 1.9% in the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after buying an additional 40 shares in the last quarter. Cordatus Wealth Management LLC raised its holdings in shares of Lowe's Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after purchasing an additional 41 shares in the last quarter. O Brien Greene & Co. Inc raised its holdings in shares of Lowe's Companies by 1.5% during 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 purchasing an additional 42 shares in the last quarter. FFT Wealth Management LLC raised its holdings in shares of Lowe's Companies by 3.1% during the 4th quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer's stock valued at $340,000 after purchasing an additional 42 shares in the last quarter. Finally, First Command Advisory Services Inc. raised its holdings in shares of Lowe's Companies by 1.3% during the 4th quarter. First Command Advisory Services Inc. now owns 3,166 shares of the home improvement retailer's stock valued at $781,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

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

Analyst Ratings Changes

LOW has been the topic of a number of recent research reports. Mizuho restated an "outperform" rating and set a $280.00 price target on shares of Lowe's Companies in a report on Friday, June 13th. Truist Financial set a $264.00 price target on shares of Lowe's Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Piper Sandler lowered their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Finally, Citigroup reiterated a "neutral" rating and issued a $253.00 target price (down from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Stock Performance

NYSE:LOW opened at $211.91 on Wednesday. The company has a 50-day moving average of $223.65 and a 200-day moving average of $239.07. The company has a market capitalization of $118.76 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.04 and a beta of 0.92. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $3.06 EPS. Sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS 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. Investors of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 38.11%.

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.

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