KMG Fiduciary Partners LLC Buys 2,156 Shares of Lowe's Companies, Inc. (NYSE:LOW)

KMG Fiduciary Partners LLC lifted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,450 shares of the home improvement retailer's stock after acquiring an additional 2,156 shares during the period. KMG Fiduciary Partners LLC's holdings in Lowe's Companies were worth $8,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wood Tarver Financial Group LLC bought a new stake in Lowe's Companies in the 4th quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in Lowe's Companies in the 4th quarter worth about $31,000. Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies in the 4th quarter worth about $33,000. Orion Capital Management LLC bought a new stake in Lowe's Companies in the 4th quarter worth about $36,000. Finally, IFS Advisors LLC grew its position in Lowe's Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 60 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Activity

In other 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 transaction, the executive vice president now directly owns 31,898 shares in the company, valued at $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.27% of the company's stock.

Lowe's Companies Price Performance

LOW opened at $225.35 on Friday. The company has a fifty day moving average price of $223.72 and a 200-day moving average price of $241.57. The firm has a market capitalization of $126.29 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01.

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

Lowe's Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. 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 dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe's Companies's payout ratio is 39.77%.

Analyst Ratings Changes

LOW has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price objective 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. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Wednesday, May 21st. Royal Bank of Canada reduced their target price on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd. Finally, Piper Sandler reduced their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target 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.

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