Secured Retirement Advisors LLC trimmed its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 62.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,011 shares of the home improvement retailer's stock after selling 5,109 shares during the quarter. Secured Retirement Advisors LLC's holdings in Lowe's Companies were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.\n\nSeveral other hedge funds also recently modified their holdings of LOW. Berkeley Inc lifted its holdings in Lowe's Companies by 8.9% during the 1st quarter. Berkeley Inc now owns 56,948 shares of the home improvement retailer's stock valued at $13,282,000 after purchasing an additional 4,645 shares during the last quarter. Asset Dedication LLC lifted its holdings in shares of Lowe's Companies by 13.5% during the 1st quarter. Asset Dedication LLC now owns 8,493 shares of the home improvement retailer's stock valued at $1,981,000 after purchasing an additional 1,012 shares in the last quarter. Cahaba Wealth Management Inc. raised its position in Lowe's Companies by 9.6% in the 1st quarter. Cahaba Wealth Management Inc. now owns 1,296 shares of the home improvement retailer's stock valued at $302,000 after buying an additional 114 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in Lowe's Companies by 3.9% in the 1st quarter. Greatmark Investment Partners Inc. now owns 84,991 shares of the home improvement retailer's stock valued at $19,822,000 after buying an additional 3,154 shares during the last quarter. Finally, TFR Capital LLC. acquired a new position in shares of Lowe's Companies during the 1st quarter worth approximately $307,000.\n\n74.06% of the stock is owned by institutional investors. Insider Activity In other Lowe's Companies news, EVP sold 1,130 shares of the company's stock in a transaction 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 transaction, the executive vice president owned 31,898 shares of the company's stock, valued at $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through . Company insiders own 0.27% of the company's stock.\n\nAnalysts Set New Price Targets A number of analysts have issued reports on LOW shares. Telsey Advisory Group reissued an \"outperform\" rating and issued a $305.00 price objective on shares of Lowe's Companies in a report on Wednesday, May 21st. Citigroup reissued a \"neutral\" rating and set a $253.00 target price (down from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. raised shares of Lowe's Companies from a \"hold\" rating to a \"buy\" rating in a research note on Tuesday, April 15th. Truist Financial set a $264.00 price target on shares of Lowe's Companies and gave the company a \"buy\" rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada reduced their target price on shares of Lowe's Companies from $244.00 to $242.00 and set a \"sector perform\" rating for the company 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 MarketBeat.com, Lowe's Companies presently has an average rating of \"Moderate Buy\" and a consensus price target of $271.12.\n\nLowe's Companies Trading Down 1.7% opened at $224.12 on Friday. The company's 50-day moving average is $224.14 and its 200-day moving average is $234.13. The company has a market cap of $125.61 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.12 and a beta of 0.90. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. Lowe's Companies (NYSE:LOW) last announced its quarterly earnings data 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 8.22% and a negative return on equity of 49.12%. The firm had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. During the same period in the prior year, the company posted $3.06 earnings per share. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.\n\nLowe's Companies Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.14%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio is currently 38.11%.\n\nLowe'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.

Secured Retirement Advisors LLC Has $702,000 Position in Lowe's Companies, Inc. (NYSE:LOW)

Secured Retirement Advisors LLC trimmed its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 62.9% in Q1, reducing its position to $702,000. Multiple hedge funds adjusted their positions, with Berkeley Inc., Asset Dedication LLC, and others increasing or acquiring shares. Insider activity included an EVP selling shares, and analysts updated price targets. Lowe's reported Q1 earnings exceeding expectations, with a dividend increase and key financial metrics.