Revisor Wealth Management LLC Has $299,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Revisor Wealth Management LLC reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 56.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,209 shares of the home improvement retailer’s stock after selling 1,538 shares during the quarter. Revisor Wealth Management LLC’s holdings in Lowe’s Companies were worth $299,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at $9,755,000. Neo Ivy Capital Management lifted its stake in shares of Lowe’s Companies by 731.7% during the 4th quarter. Neo Ivy Capital Management now owns 31,803 shares of the home improvement retailer’s stock worth $7,848,000 after buying an additional 27,979 shares during the last quarter. Investment Management Corp VA ADV bought a new stake in shares of Lowe’s Companies during the 4th quarter worth about $23,834,000. Sunbelt Securities Inc. grew its stake in Lowe’s Companies by 1.4% in the 4th quarter. Sunbelt Securities Inc. now owns 7,042 shares of the home improvement retailer’s stock valued at $1,737,000 after buying an additional 100 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in Lowe’s Companies in the 4th quarter valued at about $111,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Mizuho set a $280.00 price target on Lowe’s Companies and gave the company an “outperform” rating in a research note on Thursday. Stifel Nicolaus decreased their price objective on Lowe’s Companies from $270.00 to $250.00 and set a “hold” rating on the stock in a report on Monday, May 19th. DA Davidson lowered their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company reduced their target price on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $271.52.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $221.08 on Friday. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The stock has a market capitalization of $123.74 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The stock has a fifty day moving average of $224.61 and a 200-day moving average of $244.68.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. The firm had revenue of $20.93 billion for the quarter, compared to analysts’ expectations of $21.09 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.06 earnings per share. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is 37.67%.

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.