Parr Mcknight Wealth Management Group LLC Has $10.16 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Parr Mcknight Wealth Management Group LLC grew its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 10.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,564 shares of the home improvement retailer's stock after purchasing an additional 4,038 shares during the period. Lowe's Companies comprises about 1.5% of Parr Mcknight Wealth Management Group LLC's portfolio, making the stock its 10th biggest position. Parr Mcknight Wealth Management Group LLC's holdings in Lowe's Companies were worth $10,160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies during the 4th quarter worth about $25,000. Fairway Wealth LLC purchased a new position in Lowe's Companies during the 1st quarter worth approximately $32,000. Caisse Des Depots ET Consignations purchased a new position in shares of Lowe's Companies in the 4th quarter valued at approximately $33,000. Orion Capital Management LLC purchased a new position in shares of Lowe's Companies in the 4th quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Lowe's Companies in the 1st quarter valued at approximately $36,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lowe's Companies

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LOW shares. Wall Street Zen upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Citigroup reissued a "neutral" rating and issued a $253.00 price target (down from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. JPMorgan Chase & Co. lowered their price objective on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Royal Bank Of Canada lowered their price objective on 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, Mizuho reissued an "outperform" rating and set a $280.00 price target on shares of Lowe's Companies in a research report on Friday, June 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $271.12.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded down $3.79 on Friday, reaching $224.12. 1,840,145 shares of the company were exchanged, compared to its average volume of 2,496,417. The company's 50-day moving average is $224.14 and its two-hundred day moving average is $234.24. The firm has a market cap of $125.61 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 2.15 and a beta of 0.90. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results 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. The business 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 49.12% and a net margin of 8.22%. The business's quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.06 EPS. As a group, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.14%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio is 38.11%.

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.