Tritonpoint Wealth LLC Grows Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Tritonpoint Wealth LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 18.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,698 shares of the home improvement retailer’s stock after acquiring an additional 264 shares during the period. Tritonpoint Wealth LLC’s holdings in Lowe’s Companies were worth $396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gen Wealth Partners Inc grew its position in Lowe’s Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock worth $534,000 after acquiring an additional 40 shares in the last quarter. Cordatus Wealth Management LLC grew its stake in shares of Lowe’s Companies by 0.3% during the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock valued at $3,705,000 after buying an additional 41 shares during the last quarter. O Brien Greene & Co. Inc grew its stake in shares of Lowe’s Companies by 1.5% during the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock valued at $715,000 after buying an additional 42 shares during the last quarter. FFT Wealth Management LLC boosted its holdings in Lowe’s Companies by 3.1% during the 4th quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer’s stock valued at $340,000 after acquiring an additional 42 shares during the period. Finally, First Command Advisory Services Inc. increased its stake in Lowe’s Companies by 1.3% in the fourth quarter. First Command Advisory Services Inc. now owns 3,166 shares of the home improvement retailer’s stock worth $781,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction dated 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 directly owns 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LOW. JPMorgan Chase & Co. reduced their target price on 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. Royal Bank of Canada reduced their target price on Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 22nd. 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. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Finally, Robert W. Baird reduced their target price on Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $271.12.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $216.99 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The stock’s 50-day moving average is $223.77 and its 200 day moving average is $239.88. The company has a market cap of $121.61 billion, a P/E ratio of 18.10, a PEG ratio of 1.96 and a beta of 0.92.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter last year, the company earned $3.06 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm 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. The ex-dividend date is Wednesday, July 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 2.21%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.77%.

Lowe’s Companies Company 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.