United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $1.07 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Key Points

• United Super Pty Ltd increased its stake in Lowe's Companies by 43.8%, purchasing an additional 1,400 shares, bringing its total holdings to 4,600 shares valued at approximately $1,073,000.
• Lowe's announced a quarterly dividend of $1.20 per share, an increase from the previous dividend of $1.15, resulting in a yield of 2.1% for shareholders.
• Analysts have mixed ratings for Lowe's, with average price targets around $270.68, reflecting a moderate buy sentiment despite recent adjustments from firms like DA Davidson and Morgan Stanley.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 43.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,600 shares of the home improvement retailer's stock after acquiring an additional 1,400 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Lowe's Companies were worth $1,073,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in shares of Lowe's Companies in the 1st quarter valued at about $32,000. Orion Capital Management LLC bought a new stake in Lowe's Companies in the fourth quarter valued at $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Lowe's Companies in the first quarter valued at approximately $36,000. Finally, IFS Advisors LLC grew its stake in shares of Lowe's Companies by 60.0% in 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 in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several research reports. DA Davidson decreased their target price on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Sanford C. Bernstein set a $266.00 target price on shares of Lowe's Companies and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price target on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective for the company in a research report on Friday, April 25th. Finally, Guggenheim reissued a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research report on Tuesday, July 22nd. 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $270.68.

Insider Buying and Selling

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business'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 transaction, the executive vice president owned 31,898 shares of the company's stock, valued at $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.27% of the company's stock.

Lowe's Companies Stock Performance

NYSE LOW traded up $7.59 during trading on Monday, hitting $233.99. The stock had a trading volume of 3,870,989 shares, compared to its average volume of 2,592,199. The company has a market capitalization of $131.14 billion, a PE ratio of 19.39, a P/E/G ratio of 2.14 and a beta of 0.89. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The company's 50-day moving average price is $223.03 and its two-hundred day moving average price is $231.38.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, topping the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion during 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 firm's revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.06 earnings per share. As a group, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share 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 given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.1%. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe's Companies's payout ratio is currently 39.77%.

Lowe's Companies 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.