Wilkins Miller Wealth Management LLC Makes New Investment in Lowe's Companies, Inc. (NYSE:LOW)

Wilkins Miller Wealth Management LLC acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,540 shares of the home improvement retailer's stock, valued at approximately $380,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Secure Asset Management LLC lifted its position in shares of Lowe's Companies by 79.1% in the fourth quarter. Secure Asset Management LLC now owns 1,599 shares of the home improvement retailer's stock worth $395,000 after purchasing an additional 706 shares in the last quarter. Brighton Jones LLC grew its holdings in Lowe's Companies by 119.7% during the fourth 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 last quarter. Sound Income Strategies LLC grew its stake in shares of Lowe's Companies by 17.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,573 shares of the home improvement retailer's stock worth $388,000 after acquiring an additional 237 shares during the last quarter. Impact Partnership Wealth LLC grew its stake in shares of Lowe's Companies by 10.6% in the fourth quarter. Impact Partnership Wealth LLC now owns 968 shares of the home improvement retailer's stock worth $239,000 after acquiring an additional 93 shares during the last quarter. Finally, Goelzer Investment Management Inc. grew its stake in shares of Lowe's Companies by 0.8% in the fourth quarter. Goelzer Investment Management Inc. now owns 24,364 shares of the home improvement retailer's stock worth $6,013,000 after acquiring an additional 194 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Price Performance

NYSE:LOW traded down $1.09 during trading hours on Wednesday, hitting $224.72. The company's stock had a trading volume of 2,213,187 shares, compared to its average volume of 2,514,542. The stock has a fifty day simple moving average of $224.51 and a 200-day simple moving average of $243.93. The company has a market capitalization of $125.78 billion, a P/E ratio of 18.74, a PEG ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month 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 EPS for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. 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 posted $3.06 earnings per share. The business's revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.05%. Lowe's Companies's dividend payout ratio (DPR) is 38.11%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LOW shares. Royal Bank of Canada decreased 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. Stifel Nicolaus cut their price objective on Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a report on Tuesday. Robert W. Baird cut their price target on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Morgan Stanley dropped their price objective on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Truist Financial set a $264.00 price objective on Lowe's Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $271.12.

Lowe's Companies 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.