1,027 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Bought by Intergy Private Wealth LLC

Intergy Private Wealth LLC acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 1,027 shares of the home improvement retailer’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. Brighton Jones LLC increased its holdings in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Lowe’s Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares during the period. Financial Advocates Investment Management increased its holdings in shares of Lowe’s Companies by 5.8% during the 4th quarter. Financial Advocates Investment Management now owns 4,189 shares of the home improvement retailer’s stock worth $1,034,000 after purchasing an additional 230 shares during the period. Silver Oak Securities Incorporated increased its holdings in shares of Lowe’s Companies by 94.4% during the 4th quarter. Silver Oak Securities Incorporated now owns 5,026 shares of the home improvement retailer’s stock worth $1,240,000 after purchasing an additional 2,440 shares during the period. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Lowe’s Companies by 8.0% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,147 shares of the home improvement retailer’s stock worth $283,000 after purchasing an additional 85 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were 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 in the company, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on LOW shares. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. lowered 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 note on Tuesday, May 6th. Bank of America lowered their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. DA Davidson lowered their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, May 22nd. Finally, Sanford C. Bernstein set a $266.00 target price on shares of Lowe’s Companies and gave the company an “outperform” rating in a research note on Thursday, May 22nd. One 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’s stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $271.12.

Lowe’s Companies Stock Down 1.0%

NYSE:LOW opened at $225.35 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The company’s 50-day moving average price is $223.72 and its two-hundred day moving average price is $241.72. The firm has a market cap of $126.29 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same period in the prior year, the business earned $3.06 earnings per share. Lowe’s Companies’s quarterly revenue was down 2.0% on a year-over-year basis. On average, research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio is presently 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.