Intellectus Partners LLC Acquires 51 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Intellectus Partners LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,404 shares of the home improvement retailer’s stock after purchasing an additional 51 shares during the period. Intellectus Partners LLC’s holdings in Lowe’s Companies were worth $561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LOW. Wood Tarver Financial Group LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $31,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $33,000. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $36,000. Finally, IFS Advisors LLC boosted its stake 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 worth $37,000 after acquiring an additional 60 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on LOW. Wells Fargo & Company lowered their target price on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus decreased their price target on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating for the company in a report on Tuesday, May 27th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Piper Sandler reduced their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Finally, Mizuho set a $280.00 target price on Lowe’s Companies and gave the company an “outperform” rating in a research note on Thursday, May 22nd. One investment 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 data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $271.12.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 31,898 shares in the company, valued at $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 1.0%

Lowe’s Companies stock opened at $225.35 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The company has a fifty day simple moving average of $223.72 and a 200 day simple moving average of $241.72. The company has a market cap of $126.29 billion, a P/E 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 posted its quarterly earnings data 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 the consensus estimate of $21.09 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.06 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders 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 2.13%. This is an increase 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 (DPR) is currently 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.