Stockman Wealth Management Inc. Purchases 654 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Stockman Wealth Management Inc. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,062 shares of the home improvement retailer’s stock after purchasing an additional 654 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Lowe’s Companies were worth $6,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Lowe’s Companies by 2.5% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 346,895 shares of the home improvement retailer’s stock worth $73,833,000 after acquiring an additional 8,509 shares during the last quarter. SC&H Financial Advisors Inc. lifted its holdings in shares of Lowe’s Companies by 31.7% in the fourth quarter. SC&H Financial Advisors Inc. now owns 2,857 shares of the home improvement retailer’s stock worth $636,000 after acquiring an additional 688 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Lowe’s Companies by 3.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 38,714 shares of the home improvement retailer’s stock valued at $8,616,000 after buying an additional 1,155 shares during the period. Foster & Motley Inc. increased its stake in shares of Lowe’s Companies by 7.3% in the fourth quarter. Foster & Motley Inc. now owns 29,331 shares of the home improvement retailer’s stock valued at $6,528,000 after buying an additional 2,003 shares during the period. Finally, RWA Wealth Partners LLC increased its stake in shares of Lowe’s Companies by 534.9% in the fourth quarter. RWA Wealth Partners LLC now owns 91,953 shares of the home improvement retailer’s stock valued at $20,464,000 after buying an additional 77,471 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded up $0.99 on Monday, reaching $231.23. 1,872,805 shares of the company’s stock were exchanged, compared to its average volume of 2,537,865. The company has a market capitalization of $132.31 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The firm’s 50-day moving average is $239.65 and its two-hundred day moving average is $219.11.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same period last year, the business earned $2.28 EPS. Lowe’s Companies’s quarterly revenue was down 17.1% compared to the same quarter last year. On average, analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Barclays upped their price objective on Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. UBS Group upped their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. DA Davidson reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Finally, Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $252.52.

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.