Integrated Advisors Network LLC Has $4.26 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Integrated Advisors Network LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 17.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,283 shares of the home improvement retailer’s stock after purchasing an additional 2,775 shares during the period. Integrated Advisors Network LLC’s holdings in Lowe’s Companies were worth $4,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LOW. Brighton Jones LLC raised its position in shares of Lowe’s Companies by 119.7% during the fourth 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 lifted its stake in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after acquiring an additional 259 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Lowe’s Companies in the 4th quarter worth about $114,000. Ferguson Wellman Capital Management Inc. lifted its stake in Lowe’s Companies by 3.2% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 5,566 shares of the home improvement retailer’s stock worth $1,374,000 after acquiring an additional 173 shares in the last quarter. Finally, Soltis Investment Advisors LLC lifted its stake in Lowe’s Companies by 9.3% in the 4th quarter. Soltis Investment Advisors LLC now owns 2,085 shares of the home improvement retailer’s stock worth $514,000 after acquiring an additional 178 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $224.98 on Wednesday. The firm has a market cap of $126.09 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.96 and a beta of 0.92. The business’s 50-day simple moving average is $223.54 and its 200-day simple moving average is $241.00. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. The firm had revenue of $20.93 billion for 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 company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.06 EPS. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.13%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.77%.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the firm’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 completion of the sale, the executive vice president now owns 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of several research analyst reports. Mizuho set a $280.00 price objective on Lowe’s Companies and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 21st. 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 note on Friday, April 25th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley reduced their price objective on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.