Kintegral Advisory LLC Sells 7,187 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Kintegral Advisory LLC decreased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,653 shares of the home improvement retailer's stock after selling 7,187 shares during the quarter. Kintegral Advisory LLC's holdings in Lowe's Companies were worth $3,418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LOW. Wood Tarver Financial Group LLC acquired a new stake in Lowe's Companies in the fourth quarter valued at $25,000. Caisse Des Depots ET Consignations acquired a new stake in Lowe's Companies in the fourth quarter valued at $33,000. Orion Capital Management LLC acquired a new stake in Lowe's Companies in the fourth quarter valued at $36,000. Inlight Wealth Management LLC acquired a new stake in Lowe's Companies in the first quarter valued at $36,000. Finally, IFS Advisors LLC increased 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 valued at $37,000 after purchasing an additional 60 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

NYSE:LOW traded up $1.06 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 stock has a market cap of $127.78 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The firm's fifty day simple moving average is $223.98 and its two-hundred day simple moving average is $235.03.

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

Lowe's Companies Increases Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.11%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio (DPR) is presently 38.11%.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president owned 31,898 shares in the company, 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.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Robert W. Baird decreased their price objective on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Royal Bank Of Canada cut their price target on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 22nd. Citigroup reaffirmed a "neutral" rating and set a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a research report on Wednesday, May 14th. Piper Sandler cut their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Finally, Stifel Nicolaus cut 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 report 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.