Keybank National Association OH Has $57.15 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

Keybank National Association OH cut its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 245,030 shares of the home improvement retailer's stock after selling 1,829 shares during the period. Keybank National Association OH's holdings in Lowe's Companies were worth $57,148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $25,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $33,000. Orion Capital Management LLC purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Lowe's Companies in the 1st quarter valued at approximately $36,000. Finally, IFS Advisors LLC lifted its position in shares of Lowe's Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 60 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Trading Up 0.5%

LOW traded up $1.06 during trading on Friday, hitting $228.00. The stock had a trading volume of 1,777,904 shares, compared to its average volume of 2,498,145. The firm has a market cap of $127.78 billion, a PE ratio of 18.89, a P/E/G ratio of 2.16 and a beta of 0.90. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The company has a 50 day simple moving average of $223.98 and a 200-day simple moving average of $235.03.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, topping the consensus estimate of $2.88 by $0.04. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The firm had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter last year, the firm posted $3.06 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. As a group, sell-side 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 firm 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 dividend of $1.20 per share. This is an increase 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 yield of 2.11%. Lowe's Companies's dividend payout ratio is presently 38.11%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. DA Davidson reduced their price target on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. Morgan Stanley dropped their price objective on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Royal Bank Of Canada dropped their price objective on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 22nd. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective on the stock in a research note on Friday, April 25th. Finally, Robert W. Baird dropped 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 note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Insiders Place Their Bets

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by insiders.

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.