Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by Revisor Wealth Management LLC

Revisor Wealth Management LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 180.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,389 shares of the home improvement retailer's stock after purchasing an additional 2,180 shares during the period. Revisor Wealth Management LLC's holdings in Lowe's Companies were worth $790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe's Companies in the 4th quarter valued at $25,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at about $33,000. Orion Capital Management LLC bought a new position in shares of Lowe's Companies in the fourth quarter valued at $36,000. Inlight Wealth Management LLC acquired a new position in Lowe's Companies during the first quarter worth approximately $36,000. Finally, IFS Advisors LLC boosted its position in Lowe's Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 60 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Price Performance

NYSE LOW traded up $1.06 during trading on Thursday, hitting $228.00. The company's stock had a trading volume of 1,777,904 shares, compared to its average volume of 2,498,145. The business's 50 day simple moving average is $223.73 and its 200-day simple moving average is $235.45. The company has a market cap of $127.78 billion, a PE ratio of 18.89, a P/E/G ratio of 2.14 and a beta of 0.90. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $21.09 billion. During the same period in the prior year, the company posted $3.06 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. Analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis 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 currently 38.11%.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the sale, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank Of Canada lowered their price objective 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. Morgan Stanley dropped their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Citigroup reiterated a "neutral" rating and issued a $253.00 price target (down from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. Mizuho reissued an "outperform" rating and issued a $280.00 price objective on shares of Lowe's Companies in a research note on Friday, June 13th. Finally, Sanford C. Bernstein set a $266.00 target price on Lowe's Companies and gave the company an "outperform" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.