Kingsview Wealth Management LLC Has $12.26 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

Kingsview Wealth Management LLC raised its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 24.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,574 shares of the home improvement retailer's stock after buying an additional 10,205 shares during the period. Kingsview Wealth Management LLC's holdings in Lowe's Companies were worth $12,262,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $1,842,954,000. Kovitz Investment Group Partners LLC lifted its position in shares of Lowe's Companies by 350.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer's stock valued at $585,770,000 after acquiring an additional 1,846,315 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Lowe's Companies by 26,796.0% in the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock valued at $386,540,000 after acquiring an additional 1,651,170 shares in the last quarter. Northern Trust Corp lifted its position in shares of Lowe's Companies by 16.3% in the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock valued at $1,745,960,000 after acquiring an additional 993,833 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Lowe's Companies by 1,048.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer's stock valued at $172,527,000 after acquiring an additional 675,318 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Trading Up 0.3%

LOW traded up $0.56 during trading on Friday, hitting $219.14. The stock had a trading volume of 2,399,060 shares, compared to its average volume of 2,496,913. The firm has a market cap of $122.81 billion, a PE ratio of 18.16, a P/E/G ratio of 2.05 and a beta of 0.90. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The company has a 50 day simple moving average of $223.67 and a 200-day simple moving average of $233.40.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, topping the consensus estimate of $2.88 by $0.04. The firm had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The business's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.06 EPS. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.19%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 38.11%.

Analyst Ratings Changes

Several brokerages recently commented on LOW. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target for the company in a research report on Friday, April 25th. Morgan Stanley decreased their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Royal Bank Of Canada dropped their price target on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 22nd. Wells Fargo & Company reduced their price objective on 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. Finally, Mizuho reaffirmed an "outperform" rating and issued a $280.00 target price on shares of Lowe's Companies in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Insider Transactions at Lowe's Companies

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

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.