Lowe's Companies, Inc. (NYSE:LOW) Holdings Lifted by Moran Wealth Management LLC

Moran Wealth Management LLC increased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,929 shares of the home improvement retailer's stock after purchasing an additional 11,204 shares during the period. Moran Wealth Management LLC's holdings in Lowe's Companies were worth $13,744,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Lowe's Companies by 1.0% in the 4th quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock worth $6,483,558,000 after purchasing an additional 259,766 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lowe's Companies by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock worth $2,952,341,000 after purchasing an additional 245,876 shares during the last quarter. Norges Bank bought a new stake in shares of Lowe's Companies in the 4th quarter worth approximately $1,842,954,000. Northern Trust Corp lifted its holdings in shares of Lowe's Companies by 16.3% in 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 purchasing an additional 993,833 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Lowe's Companies by 6.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock worth $1,242,793,000 after purchasing an additional 323,371 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOW. Truist Financial set a $264.00 price target on Lowe's Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Citigroup reaffirmed a "neutral" rating and set a $253.00 target price (down previously from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. Stifel Nicolaus cut their target price on 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. Mizuho reaffirmed an "outperform" rating and set a $280.00 target price on shares of Lowe's Companies in a research note on Friday, June 13th. Finally, Wells Fargo & Company cut their target price on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Lowe's Companies Price Performance

Shares of LOW traded up $2.43 during midday trading on Friday, reaching $223.66. The stock had a trading volume of 3,227,400 shares, compared to its average volume of 2,490,121. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The firm's 50 day moving average price is $223.18 and its 200-day moving average price is $236.04. The company has a market capitalization of $125.35 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.11 and a beta of 0.92.

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, topping analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter in the previous year, the business earned $3.06 EPS. The company's quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 23rd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.15%. Lowe's Companies's payout ratio is 38.11%.

Insider Transactions at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the business's 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 sale, the executive vice president now directly owns 31,898 shares of the company's stock, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is 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.