Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by OMC Financial Services LTD

OMC Financial Services LTD lifted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,532 shares of the home improvement retailer's stock after buying an additional 1,576 shares during the period. Lowe's Companies makes up 2.0% of OMC Financial Services LTD's portfolio, making the stock its 14th biggest position. OMC Financial Services LTD's holdings in Lowe's Companies were worth $4,555,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC bought a new stake in Lowe's Companies in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in Lowe's Companies in the 1st quarter worth about $32,000. Caisse Des Depots ET Consignations bought a new stake in shares of Lowe's Companies during the 4th quarter worth approximately $33,000. Orion Capital Management LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new position in Lowe's Companies in the 1st quarter worth about $36,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Price Performance

Shares of NYSE LOW traded down $3.79 during midday trading on Friday, hitting $224.12. 1,840,145 shares of the company's stock were exchanged, compared to its average volume of 2,498,453. The firm's fifty day simple moving average is $224.20 and its 200-day simple moving average is $234.42. The company has a market cap of $125.61 billion, a PE ratio of 18.57, a P/E/G ratio of 2.13 and a beta of 0.90. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results 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 business had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. During the same quarter in the previous year, the firm earned $3.06 earnings per share. The business's revenue was down 2.0% compared to the same quarter last year. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be paid a $1.20 dividend. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is 39.77%.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the company's 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LOW. Royal Bank Of Canada dropped their target price on 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. DA Davidson dropped their target price 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. Mizuho reaffirmed an "outperform" rating and set a $280.00 target price on shares of Lowe's Companies in a report on Friday, June 13th. Citigroup reaffirmed a "neutral" rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. Finally, Piper Sandler decreased 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 note on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $271.12.

About Lowe's Companies

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.