Sei Investments Co. Has $127.51 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Key Points

• Sei Investments Co. has increased its holdings in Lowe's Companies by 1.3%, now owning approximately $127.51 million worth of the stock, making it the company's 19th largest position.
• Lowe's reported a quarterly EPS of $2.92, which exceeded analysts' expectations, although revenue fell 2% year-over-year.
• The company has recently increased its quarterly dividend from $1.15 to $1.20 per share, reflecting a positive annualized yield of 1.9%.

Sei Investments Co. lifted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,952 shares of the home improvement retailer's stock after buying an additional 6,625 shares during the quarter. Lowe's Companies comprises approximately 1.2% of Sei Investments Co.'s holdings, making the stock its 19th biggest position. Sei Investments Co. owned approximately 0.09% of Lowe's Companies worth $127,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue lifted its holdings in Lowe's Companies by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock valued at $29,223,000 after purchasing an additional 1,470 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Lowe's Companies by 14.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer's stock worth $26,236,000 after purchasing an additional 13,092 shares in the last quarter. Larson Financial Group LLC raised its stake in Lowe's Companies by 8.1% in the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer's stock valued at $3,860,000 after purchasing an additional 1,242 shares in the last quarter. Northern Trust Corp raised 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 purchasing an additional 993,833 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised its stake in Lowe's Companies by 12.6% in the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock valued at $6,848,000 after purchasing an additional 3,295 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction 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 directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.27% of the company's stock.

Lowe's Companies Price Performance

Shares of LOW stock opened at $256.65 on Thursday. The company's fifty day simple moving average is $225.57 and its two-hundred day simple moving average is $230.69. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The stock has a market capitalization of $143.84 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.31 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its 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. The business had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.06 EPS. Equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's payout ratio is presently 39.77%.

Analyst Upgrades and Downgrades

Several research analysts have commented on LOW shares. Mizuho reissued an "outperform" rating and set a $280.00 target price on shares of Lowe's Companies in a research note on Friday, June 13th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, May 21st. Robert W. Baird decreased their target price on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Guggenheim reiterated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a report on Tuesday, July 22nd. Finally, Citigroup lowered their price objective on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target of $270.68.

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.

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