Stockman Wealth Management Inc. Sells 28,117 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Stockman Wealth Management Inc. lowered its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 91.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,629 shares of the home improvement retailer's stock after selling 28,117 shares during the quarter. Stockman Wealth Management Inc.'s holdings in Lowe's Companies were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in LOW. Norges Bank purchased a new stake in Lowe's Companies in the fourth quarter worth $1,842,954,000. Kovitz Investment Group Partners LLC boosted its stake in Lowe's Companies by 350.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer's stock valued at $585,770,000 after buying an additional 1,846,315 shares during the period. GAMMA Investing LLC grew its holdings in shares of Lowe's Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock worth $386,540,000 after purchasing an additional 1,651,170 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Lowe's Companies in the 4th quarter worth approximately $314,435,000. Finally, Northern Trust Corp increased its stake in Lowe's Companies by 16.3% in the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock valued at $1,745,960,000 after acquiring an additional 993,833 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LOW has been the topic of several research reports. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, May 21st. Robert W. Baird reduced their target price on 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. DA Davidson dropped their price target on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. Sanford C. Bernstein set a $266.00 price target on Lowe's Companies and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. One equities research 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. According to data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $271.12.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies 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 completion of the sale, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by insiders.

Lowe's Companies Stock Down 0.6%

NYSE:LOW traded down $1.29 on Monday, reaching $215.98. 2,391,844 shares of the company's stock traded hands, compared to its average volume of 2,525,739. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The stock has a 50-day simple moving average of $223.77 and a 200-day simple moving average of $239.65. The firm has a market cap of $121.04 billion, a PE ratio of 18.01, a P/E/G ratio of 1.96 and a beta of 0.92.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same period in the previous year, the firm posted $3.06 EPS. Lowe's Companies's revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given 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 yield of 2.22%. 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 39.77%.

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.