Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% in the third quarter, Holdings Channel.com reports. The fund owned 117,268 shares of the home improvement retailer’s stock after selling 121 shares during the quarter. IFM Investors Pty Ltd’s holdings in Lowe’s Companies were worth $31,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its holdings in shares of Lowe’s Companies by 11.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 4,115 shares of the home improvement retailer’s stock valued at $1,048,000 after purchasing an additional 434 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in shares of Lowe’s Companies by 63.2% in the first quarter. GoalVest Advisory LLC now owns 573 shares of the home improvement retailer’s stock valued at $146,000 after purchasing an additional 222 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at $214,000. Wealthcare Advisory Partners LLC raised its holdings in shares of Lowe’s Companies by 26.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 8,029 shares of the home improvement retailer’s stock worth $2,045,000 after acquiring an additional 1,697 shares in the last quarter. Finally, ERn Financial LLC purchased a new stake in shares of Lowe’s Companies during the first quarter worth $225,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

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

Lowe’s Companies Stock Up 0.2 %

Shares of LOW stock traded up $0.47 on Thursday, reaching $270.58. The stock had a trading volume of 512,227 shares, compared to its average volume of 2,442,865. The firm’s 50-day moving average is $259.66 and its two-hundred day moving average is $239.47. The firm has a market capitalization of $154.19 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 2.28 and a beta of 1.10. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same quarter in the prior year, the business posted $4.56 EPS. The business’s revenue was down 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.91 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Wednesday, October 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is 36.95%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Royal Bank of Canada lowered their target price on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 21st. Wells Fargo & Company lowered their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their price target for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. Finally, Bank of America raised their price target on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Eleven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $270.60.

About Lowe’s Companies

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.