Kathmere Capital Management LLC Raises Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Kathmere Capital Management LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 92.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,781 shares of the home improvement retailer’s stock after purchasing an additional 1,334 shares during the quarter. Kathmere Capital Management LLC’s holdings in Lowe’s Companies were worth $613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. 9258 Wealth Management LLC boosted its holdings in Lowe’s Companies by 24.8% in the fourth quarter. 9258 Wealth Management LLC now owns 2,387 shares of the home improvement retailer’s stock worth $531,000 after acquiring an additional 474 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in Lowe’s Companies by 10.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock worth $315,000 after purchasing an additional 138 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new stake in Lowe’s Companies during the 4th quarter valued at about $358,000. GM Advisory Group LLC increased its stake in Lowe’s Companies by 10.4% during the 4th quarter. GM Advisory Group LLC now owns 1,596 shares of the home improvement retailer’s stock valued at $355,000 after purchasing an additional 150 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of Lowe’s Companies by 296.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 12,126 shares of the home improvement retailer’s stock valued at $2,699,000 after acquiring an additional 9,070 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.6 %

LOW stock opened at $267.14 on Friday. The business’s 50-day moving average price is $246.22 and its 200-day moving average price is $236.18. The stock has a market cap of $152.23 billion, a P/E ratio of 21.46, a PEG ratio of 2.15 and a beta of 1.10. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $268.71.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.14. The business had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.56 earnings per share. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 11.93 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a yield of 1.72%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 36.95%.

Insider Activity

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen upped their price objective on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research report on Thursday, September 19th. Truist Financial upped their price target on Lowe’s Companies from $265.00 to $269.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Morgan Stanley upped their target price on shares of Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Finally, Evercore ISI lifted their price target on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 21st. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.13.

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.