Spire Wealth Management Buys 853 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Spire Wealth Management grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.2% in the 4th quarter, HoldingsChannel reports. The fund owned 11,205 shares of the home improvement retailer’s stock after purchasing an additional 853 shares during the quarter. Spire Wealth Management’s holdings in Lowe’s Companies were worth $2,465,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Clifford Swan Investment Counsel LLC increased its stake in Lowe’s Companies by 0.3% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after acquiring an additional 541 shares during the period. Harbour Trust & Investment Management Co bought a new stake in Lowe’s Companies during the fourth quarter worth about $5,890,000. Syon Capital LLC grew its stake in Lowe’s Companies by 23.3% during the fourth quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock worth $1,587,000 after buying an additional 1,345 shares in the last quarter. Biondo Investment Advisors LLC increased its holdings in Lowe’s Companies by 1.0% in the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after buying an additional 620 shares during the period. Finally, Perigon Wealth Management LLC raised its position in shares of Lowe’s Companies by 18.6% in the 4th quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after buying an additional 584 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LOW shares. Stifel Nicolaus lowered their price target on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a report on Friday, February 16th. UBS Group boosted their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Wedbush increased their price target on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded up $2.04 on Tuesday, reaching $233.74. 113,324 shares of the company’s stock were exchanged, compared to its average volume of 2,433,116. The company has a market capitalization of $133.74 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15. 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 $240.08 and its two-hundred day moving average is $221.40.

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 the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. Lowe’s Companies’s revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.28 earnings per share. On average, analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.88%. Lowe’s Companies’s dividend payout ratio is 33.43%.

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.