BKM Wealth Management LLC Grows Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

BKM Wealth Management LLC lifted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,302 shares of the home improvement retailer's stock after buying an additional 1,165 shares during the period. Lowe's Companies makes up approximately 1.5% of BKM Wealth Management LLC's holdings, making the stock its 16th largest holding. BKM Wealth Management LLC's holdings in Lowe's Companies were worth $3,569,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Brighton Jones LLC increased its holdings 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 valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its holdings in Lowe's Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after purchasing an additional 259 shares during the period. Proficio Capital Partners LLC increased its holdings in Lowe's Companies by 72.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,429 shares of the home improvement retailer's stock valued at $846,000 after purchasing an additional 1,444 shares during the period. HUB Investment Partners LLC increased its holdings in Lowe's Companies by 39.2% during the 4th quarter. HUB Investment Partners LLC now owns 2,698 shares of the home improvement retailer's stock valued at $666,000 after purchasing an additional 760 shares during the period. Finally, Millstone Evans Group LLC purchased a new position in Lowe's Companies during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LOW shares. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target on the stock in a report on Friday, April 25th. Morgan Stanley cut their price objective on 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. Royal Bank Of Canada cut their price objective on Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price objective on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company cut their price objective on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Stock Up 0.3%

Shares of NYSE LOW opened at $219.14 on Friday. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The firm has a market cap of $122.81 billion, a P/E ratio of 18.16, a PEG ratio of 2.07 and a beta of 0.90. The company has a 50 day moving average of $223.61 and a 200 day moving average of $233.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share 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 company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. During the same period in the previous year, the business earned $3.06 EPS. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. As a group, 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. Shareholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a positive change 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 2.19%. Lowe's Companies's payout ratio is currently 38.11%.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business's 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 completion of the sale, the executive vice president directly owned 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company's stock.

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.

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