Lord & Richards Wealth Management LLC Invests $277,000 in Lowe’s Companies, Inc. (NYSE:LOW)

Lord & Richards Wealth Management LLC acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,187 shares of the home improvement retailer’s stock, valued at approximately $277,000.

Several other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its position in Lowe’s Companies by 119.7% during the 4th 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 last quarter. Revolve Wealth Partners LLC raised 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 last quarter. Proficio Capital Partners LLC raised its position in shares of Lowe’s Companies by 72.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,429 shares of the home improvement retailer’s stock worth $846,000 after acquiring an additional 1,444 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Lowe’s Companies by 0.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 57,121 shares of the home improvement retailer’s stock worth $14,098,000 after purchasing an additional 147 shares in the last quarter. Finally, Greenwich Wealth Management LLC grew its stake in Lowe’s Companies by 14.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 1,092 shares of the home improvement retailer’s stock valued at $269,000 after acquiring an additional 134 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

NYSE LOW opened at $222.59 on Tuesday. Lowe’s Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The company has a market capitalization of $124.75 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.90. The company’s 50-day simple moving average is $224.09 and its two-hundred day simple moving average is $233.85.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to analysts’ expectations of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. Lowe’s Companies’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the business earned $3.06 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors 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 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 2.16%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.77%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe’s Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president owned 31,898 shares of the company’s stock, valued at $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, May 21st. Mizuho reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Lowe’s Companies in a research report on Friday, June 13th. Morgan Stanley lowered their price objective on shares of Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. 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 report on Thursday, May 22nd. One 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 stock. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.12.

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.