Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by Mission Wealth Management LP

Mission Wealth Management LP boosted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,400 shares of the home improvement retailer's stock after purchasing an additional 1,219 shares during the period. Mission Wealth Management LP's holdings in Lowe's Companies were worth $4,758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Lowe's Companies during the 4th quarter worth about $1,842,954,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Lowe's Companies by 350.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer's stock worth $585,770,000 after acquiring an additional 1,846,315 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Lowe's Companies by 26,796.0% during the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock worth $386,540,000 after acquiring an additional 1,651,170 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Lowe's Companies during the 4th quarter worth about $314,435,000. Finally, Northern Trust Corp boosted its stake in shares of Lowe's Companies by 16.3% during the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock worth $1,745,960,000 after acquiring an additional 993,833 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lowe's Companies

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 now owns 31,898 shares in the company, valued at approximately $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 accessible through this link. Insiders own 0.27% of the company's stock.

Lowe's Companies Price Performance

LOW opened at $216.99 on Monday. The company's 50 day simple moving average is $223.77 and its two-hundred day simple moving average is $239.65. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The firm has a market capitalization of $121.61 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth 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 net margin of 8.19% and a negative return on equity of 47.55%. The business's revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $3.06 EPS. On average, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal 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 issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.21%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio (DPR) is currently 39.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LOW shares. 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. DA Davidson lowered their target price on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lowered their target price on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Robert W. Baird decreased their price target on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus decreased their price target on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $271.12.

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.

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