Vantage Investment Partners LLC Has $13.10 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

Vantage Investment Partners LLC raised its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,147 shares of the home improvement retailer's stock after buying an additional 2,394 shares during the quarter. Vantage Investment Partners LLC's holdings in Lowe's Companies were worth $13,095,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Crews Bank & Trust grew its position in shares of Lowe's Companies by 1.8% during the 1st quarter. Crews Bank & Trust now owns 3,392 shares of the home improvement retailer's stock worth $791,000 after buying an additional 61 shares during the period. Matrix Asset Advisors Inc. NY lifted its holdings in shares of Lowe's Companies by 171.7% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 39,070 shares of the home improvement retailer's stock valued at $9,112,000 after purchasing an additional 24,689 shares in the last quarter. Cullinan Associates Inc. lifted its holdings in shares of Lowe's Companies by 1.9% during the 1st quarter. Cullinan Associates Inc. now owns 86,572 shares of the home improvement retailer's stock valued at $20,191,000 after purchasing an additional 1,606 shares in the last quarter. Inlight Wealth Management LLC bought a new position in shares of Lowe's Companies during the 1st quarter valued at about $36,000. Finally, Intact Investment Management Inc. bought a new position in shares of Lowe's Companies during the 1st quarter valued at about $840,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Stock Up 0.7%

Shares of Lowe's Companies stock opened at $212.40 on Friday. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The stock has a market cap of $119.04 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.01 and a beta of 0.92. The business's 50 day moving average is $223.03 and its 200-day moving average is $237.78.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating 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 prior year, the business earned $3.06 EPS. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Wednesday, July 23rd. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio is 38.11%.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the transaction, the executive vice president now directly owns 31,898 shares of the company's stock, valued at $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective on the stock in a report on Friday, April 25th. Stifel Nicolaus cut their price objective on Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Truist Financial set a $264.00 price objective on Lowe's Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Citigroup reiterated a "neutral" rating and set a $253.00 price objective (down previously from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, May 21st. 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $271.12.

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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