Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 41,242 shares of the home improvement retailer’s stock after selling 1,689 shares during the period. Lowe’s Companies makes up approximately 1.3% of Toth Financial Advisory Corp’s portfolio, making the stock its 19th biggest position. Toth Financial Advisory Corp’s holdings in Lowe’s Companies were worth $11,170,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LOW. Crew Capital Management Ltd. grew its holdings in shares of Lowe’s Companies by 1.0% during the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock valued at $1,049,000 after purchasing an additional 37 shares during the last quarter. Clean Yield Group grew its stake in Lowe’s Companies by 2.4% during the 3rd quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer’s stock worth $433,000 after buying an additional 38 shares during the last quarter. Drive Wealth Management LLC increased its position in Lowe’s Companies by 2.2% in the second quarter. Drive Wealth Management LLC now owns 1,894 shares of the home improvement retailer’s stock worth $418,000 after buying an additional 41 shares during the period. Chapin Davis Inc. increased its position in Lowe’s Companies by 1.3% in the third quarter. Chapin Davis Inc. now owns 3,082 shares of the home improvement retailer’s stock worth $835,000 after buying an additional 41 shares during the period. Finally, McKinley Carter Wealth Services Inc. lifted its stake in Lowe’s Companies by 0.3% in the third quarter. McKinley Carter Wealth Services Inc. now owns 12,846 shares of the home improvement retailer’s stock valued at $3,479,000 after buying an additional 41 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of analyst reports. Bank of America boosted their price target on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Royal Bank of Canada lowered their target price on Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 21st. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Piper Sandler raised their price objective on Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, August 21st. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $268.42.

Lowe’s Companies Stock Down 1.3 %

Lowe’s Companies stock traded down $3.73 on Monday, hitting $277.91. The company’s stock had a trading volume of 499,806 shares, compared to its average volume of 2,441,224. The company has a fifty day moving average price of $257.37 and a 200-day moving average price of $238.75. The firm has a market cap of $158.36 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.14. The firm had revenue of $23.59 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.56 earnings per share. Analysts anticipate that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be paid a $1.15 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.66%. Lowe’s Companies’s payout ratio is currently 36.95%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, September 12th. The shares were 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 in the company, valued at approximately $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

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.