RWA Wealth Partners LLC Has $17.64 Million Holdings in Lowe's Companies, Inc. $LOW

Key Points

• RWA Wealth Partners LLC reduced its holdings in Lowe's Companies by 1.3%, now owning 75,625 shares valued at approximately $17.64 million.
• Lowe's Companies announced a quarterly dividend increase to $1.20 per share, reflecting an annualized yield of 1.9% and a payout ratio of 39.77%.
• Analysts have varying price targets for Lowe's stock, with Guggenheim setting a target of $300.00, while others have rated the stock as a "Moderate Buy."

RWA Wealth Partners LLC decreased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,625 shares of the home improvement retailer's stock after selling 1,034 shares during the quarter. RWA Wealth Partners LLC's holdings in Lowe's Companies were worth $17,638,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Gen Wealth Partners Inc boosted its holdings in Lowe's Companies by 1.9% during the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after purchasing an additional 40 shares during the last quarter. Second Line Capital LLC boosted its holdings in Lowe's Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock worth $1,183,000 after purchasing an additional 44 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Lowe's Companies by 0.8% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock worth $1,357,000 after buying an additional 47 shares during the last quarter. Fielder Capital Group LLC increased its holdings in Lowe's Companies by 5.9% during the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock worth $202,000 after buying an additional 48 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC lifted its stake in Lowe's Companies by 1.1% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer's stock valued at $1,066,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Performance

NYSE:LOW opened at $251.86 on Monday. Lowe's Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The firm has a market cap of $141.15 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 2.38 and a beta of 0.89. The firm's 50-day simple moving average is $226.61 and its 200 day simple moving average is $230.05.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same period last year, the firm earned $3.06 EPS. The business's quarterly revenue was down 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 1.9%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's payout ratio is 39.77%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of analysts have commented on LOW shares. Guggenheim reiterated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research note on Tuesday, July 22nd. Truist Financial set a $264.00 price target on shares of Lowe's Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. DA Davidson cut their price target on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Citigroup cut their price target on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Finally, Stifel Nicolaus cut their price target on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $270.68.

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.

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