FSM Wealth Advisors LLC Acquires 119 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

FSM Wealth Advisors LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,769 shares of the home improvement retailer’s stock after purchasing an additional 119 shares during the period. FSM Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $413,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wood Tarver Financial Group LLC acquired a new position in Lowe’s Companies during the 4th quarter worth about $25,000. Caisse Des Depots ET Consignations bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $33,000. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $36,000. Finally, IFS Advisors LLC grew its stake in shares of Lowe’s Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on LOW. Royal Bank Of Canada decreased their price objective on Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 22nd. KeyCorp raised Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target on the stock in a research note on Friday, April 25th. Truist Financial set a $264.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research 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, Citigroup reaffirmed a “neutral” rating and issued a $253.00 target price (down previously from $269.00) on shares of Lowe’s Companies in a research note on Wednesday, May 14th. One 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.12.

Insider Buying and Selling

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 transaction 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 approximately $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Trading Up 2.9%

LOW opened at $228.22 on Wednesday. The stock has a market capitalization of $127.90 billion, a P/E ratio of 18.91, a P/E/G ratio of 2.10 and a beta of 0.91. Lowe’s Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The firm’s fifty day simple moving average is $223.54 and its 200 day simple moving average is $235.51.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating 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 negative return on equity of 49.12% and a net margin of 8.22%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, July 23rd. This is an increase 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 2.10%. Lowe’s Companies’s dividend payout ratio (DPR) 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.