Trajan Wealth LLC Buys 780 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Trajan Wealth LLC grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,204 shares of the home improvement retailer’s stock after purchasing an additional 780 shares during the quarter. Trajan Wealth LLC’s holdings in Lowe’s Companies were worth $5,201,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LOW. Valeo Financial Advisors LLC boosted its holdings in Lowe’s Companies by 20.9% in the first quarter. Valeo Financial Advisors LLC now owns 9,427 shares of the home improvement retailer’s stock worth $2,401,000 after acquiring an additional 1,627 shares in the last quarter. Albion Financial Group UT lifted its holdings in shares of Lowe’s Companies by 11,930.0% during the first quarter. Albion Financial Group UT now owns 1,203 shares of the home improvement retailer’s stock valued at $306,000 after purchasing an additional 1,193 shares in the last quarter. KFG Wealth Management LLC bought a new position in shares of Lowe’s Companies during the first quarter valued at $264,000. Cornerstone Wealth Management LLC lifted its holdings in shares of Lowe’s Companies by 2.0% during the first quarter. Cornerstone Wealth Management LLC now owns 21,069 shares of the home improvement retailer’s stock valued at $5,367,000 after purchasing an additional 403 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Lowe’s Companies by 11.8% during the first quarter. First Trust Direct Indexing L.P. now owns 15,580 shares of the home improvement retailer’s stock valued at $3,969,000 after purchasing an additional 1,641 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction dated 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 owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction that occurred 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value 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 approximately $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. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LOW. Piper Sandler upped their price target on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Bank of America upped their price target on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. UBS Group upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. lowered their price target on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a report on Wednesday, August 21st. Finally, Wells Fargo & Company reduced their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $271.60.

Lowe’s Companies Stock Down 1.9 %

Shares of LOW opened at $262.99 on Wednesday. The stock has a market cap of $149.86 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.24 and a beta of 1.10. The business has a 50-day simple moving average of $261.76 and a two-hundred day simple moving average of $240.30. Lowe’s Companies, Inc. has a 52 week low of $183.79 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 47.07% and a net margin of 8.25%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.56 earnings per share. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.91 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.75%. Lowe’s Companies’s dividend payout ratio is 36.95%.

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.