Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Unison Asset Management LLC

Unison Asset Management LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,881 shares of the home improvement retailer’s stock after acquiring an additional 1,729 shares during the period. Lowe’s Companies comprises about 4.9% of Unison Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. Unison Asset Management LLC’s holdings in Lowe’s Companies were worth $8,469,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Wood Tarver Financial Group LLC bought a new position in Lowe’s Companies in the fourth quarter worth about $25,000. Caisse Des Depots ET Consignations bought a new position in Lowe’s Companies in the fourth quarter worth about $33,000. Orion Capital Management LLC bought a new position in Lowe’s Companies in the fourth quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in Lowe’s Companies in the first quarter worth about $36,000. Finally, IFS Advisors LLC lifted its holdings in Lowe’s Companies by 60.0% in the first 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 and hedge funds.

Insider Buying and Selling

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president now owns 31,898 shares in the company, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $218.64 on Tuesday. The company has a 50 day moving average price of $222.92 and a 200 day moving average price of $237.17. The firm has a market capitalization of $122.53 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 2.01 and a beta of 0.92. 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 issued 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 company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. Equities 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.20%. The ex-dividend date is Wednesday, July 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s dividend payout ratio (DPR) is 38.11%.

Analyst Ratings Changes

A number of brokerages have issued reports on LOW. Citigroup reissued a “neutral” rating and issued a $253.00 target price (down previously from $269.00) on shares of Lowe’s Companies in a report on Wednesday, May 14th. Robert W. Baird cut their price target on Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 21st. Piper Sandler cut their price target 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, Bank of America cut their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently 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.