Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Lifted by Transform Wealth LLC

Transform Wealth LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,605 shares of the home improvement retailer’s stock after purchasing an additional 222 shares during the period. Transform Wealth LLC’s holdings in Lowe’s Companies were worth $3,975,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new position in Lowe’s Companies during the fourth quarter worth $25,000. Tidemark LLC acquired a new stake in Lowe’s Companies in the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. acquired a new stake in Lowe’s Companies in the 4th quarter worth approximately $28,000. Orion Capital Management LLC acquired a new position in Lowe’s Companies during the third quarter valued at approximately $26,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $31,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of NYSE LOW traded up $1.24 during midday trading on Friday, reaching $221.04. 925,600 shares of the stock were exchanged, compared to its average volume of 2,460,296. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The company has a market capitalization of $125.96 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.68 and a beta of 1.08. The business has a 50-day simple moving average of $225.69 and a two-hundred day simple moving average of $228.22.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The firm had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period in the previous year, the company posted $3.67 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio is 35.34%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LOW. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $246.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Mizuho started coverage on Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 target price on the stock. Truist Financial cut their price target on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, DA Davidson lowered their price objective on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 22nd. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $251.33.

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.