Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by RMR Wealth Builders

RMR Wealth Builders lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.2% during the first quarter, Holdings Channel reports. The fund owned 2,796 shares of the home improvement retailer’s stock after selling 184 shares during the period. RMR Wealth Builders’ holdings in Lowe’s Companies were worth $652,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LOW. Brighton Jones LLC increased 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 acquiring an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Lowe’s Companies by 31.6% during the fourth 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 during the period. Gladstone Institutional Advisory LLC increased its position in shares of Lowe’s Companies by 16.5% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,779 shares of the home improvement retailer’s stock worth $1,179,000 after acquiring an additional 676 shares during the period. Avidian Wealth Enterprises LLC increased its position in shares of Lowe’s Companies by 18.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,075 shares of the home improvement retailer’s stock worth $512,000 after acquiring an additional 324 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Lowe’s Companies by 79.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 95,328 shares of the home improvement retailer’s stock worth $23,544,000 after acquiring an additional 42,339 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $223.35 on Friday. The stock’s 50-day moving average is $223.64 and its two-hundred day moving average is $240.51. The firm has a market cap of $125.17 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.96 and a beta of 0.92. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

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 (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $21.09 billion. During the same quarter last year, the company posted $3.06 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, research analysts predict 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. Investors of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.77%.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was 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 of the company’s stock, valued at $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 is available through this link. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of a number of recent research reports. KeyCorp raised Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price objective on the stock in a research report on Friday, April 25th. Mizuho set a $280.00 target price on Lowe’s Companies and gave the company an “outperform” rating in a report on Thursday, May 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 21st. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. Finally, DA Davidson dropped their target price on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, May 22nd. 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. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $271.12.

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.