Campbell Newman Asset Management Inc. Purchases 317 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Campbell Newman Asset Management Inc. raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 146,461 shares of the home improvement retailer’s stock after acquiring an additional 317 shares during the quarter. Lowe’s Companies makes up approximately 2.9% of Campbell Newman Asset Management Inc.’s holdings, making the stock its 13th largest position. Campbell Newman Asset Management Inc.’s holdings in Lowe’s Companies were worth $34,159,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wood Tarver Financial Group LLC purchased a new position in Lowe’s Companies in the 4th quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at $31,000. Caisse Des Depots ET Consignations purchased a new stake in Lowe’s Companies during the 4th quarter valued at $33,000. Orion Capital Management LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at $36,000. Finally, IFS Advisors LLC grew its position in shares of Lowe’s Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 60 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LOW shares. Wells Fargo & Company cut their price objective on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. KeyCorp raised shares of Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 target price for the company in a report on Friday, April 25th. Sanford C. Bernstein set a $266.00 target price on shares of Lowe’s Companies and gave the stock an “outperform” rating in a report on Thursday, May 22nd. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $271.12.

Lowe’s Companies Trading Down 2.9%

NYSE:LOW opened at $216.99 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The firm has a fifty day simple moving average of $223.77 and a 200-day simple moving average of $240.11. The company has a market capitalization of $121.61 billion, a P/E ratio of 18.10, a PEG ratio of 1.96 and a beta of 0.92.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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. The company 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 8.19% and a negative return on equity of 47.55%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.06 earnings per share. Equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders 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 dividend yield of 2.21%. The ex-dividend date is Wednesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s payout ratio is presently 39.77%.

Insider Activity

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 value of $257,075.00. Following the sale, the executive vice president now owns 31,898 shares of the company’s stock, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

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.