Cardinal Capital Management Has $10.95 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Cardinal Capital Management lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,932 shares of the home improvement retailer’s stock after acquiring an additional 387 shares during the period. Lowe’s Companies makes up approximately 1.7% of Cardinal Capital Management’s investment portfolio, making the stock its 12th largest position. Cardinal Capital Management’s holdings in Lowe’s Companies were worth $10,946,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new stake in Lowe’s Companies during the fourth quarter worth about $25,000. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $31,000. Caisse Des Depots ET Consignations acquired a new stake in Lowe’s Companies during the 4th quarter valued at approximately $33,000. Orion Capital Management LLC acquired a new stake in Lowe’s Companies during the 4th quarter valued at approximately $36,000. Finally, IFS Advisors LLC increased its position in 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 purchasing an additional 60 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was 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 now directly owns 31,898 shares in the company, 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 SEC, which is available through this hyperlink. 0.27% of the stock is owned by insiders.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $215.98 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The stock has a market capitalization of $121.04 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.96 and a beta of 0.92. The company’s 50 day moving average price is $223.88 and its 200-day moving average price is $239.26.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.06 earnings per share. As a group, equities research analysts forecast 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. Stockholders of record on Wednesday, July 23rd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.22%. 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 currently 39.77%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America reduced their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Piper Sandler dropped their price objective on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company dropped their price objective on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. KeyCorp upgraded Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 target price on the stock in a research note on Friday, April 25th. Finally, Mizuho reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Lowe’s Companies in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.