BKM Wealth Management LLC Sells 55 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

BKM Wealth Management LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the 1st quarter, Holdings Channel reports. The fund owned 13,241 shares of the home improvement retailer’s stock after selling 55 shares during the period. Lowe’s Companies comprises approximately 1.5% of BKM Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. BKM Wealth Management LLC’s holdings in Lowe’s Companies were worth $3,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Paragon Private Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 13.5% in the fourth quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock valued at $1,086,000 after buying an additional 581 shares in the last quarter. ING Groep NV lifted its stake in shares of Lowe’s Companies by 18,786.5% in the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock valued at $23,748,000 after buying an additional 106,144 shares in the last quarter. Clifford Swan Investment Counsel LLC lifted its stake in shares of Lowe’s Companies by 0.3% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock valued at $47,947,000 after buying an additional 541 shares in the last quarter. Brevan Howard Capital Management LP lifted its stake in shares of Lowe’s Companies by 824.6% in the fourth quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock valued at $3,414,000 after buying an additional 13,680 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Lowe’s Companies by 1.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock valued at $10,031,000 after buying an additional 540 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LOW. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research note on Monday, March 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Tuesday, May 21st. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Zelman & Associates reiterated a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Finally, Mizuho initiated coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 target price for the company. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $251.33.

Lowe’s Companies Trading Down 2.3 %

Shares of LOW stock traded down $5.02 during trading hours on Monday, reaching $215.44. The stock had a trading volume of 915,178 shares, compared to its average volume of 2,541,573. The stock’s fifty day simple moving average is $225.32 and its 200 day simple moving average is $228.49. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The firm has a market capitalization of $122.77 billion, a PE ratio of 17.74, a PEG ratio of 1.69 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $21.36 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the business earned $3.67 earnings per share. Lowe’s Companies’s revenue was down 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.28%. Lowe’s Companies’s payout ratio is presently 35.34%.

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.