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

IFM Investors Pty Ltd decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Mason & Associates Inc acquired a new stake in shares of Lowe’s Companies during the third quarter worth $256,000. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in Lowe’s Companies by 176.8% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,305 shares of the home improvement retailer’s stock valued at $1,166,000 after acquiring an additional 2,750 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in Lowe’s Companies in the third quarter valued at $237,000. Greystone Financial Group LLC boosted its holdings in Lowe’s Companies by 12.5% in the third quarter. Greystone Financial Group LLC now owns 48,460 shares of the home improvement retailer’s stock valued at $13,126,000 after acquiring an additional 5,371 shares during the last quarter. Finally, Great Lakes Retirement Inc. boosted its holdings in Lowe’s Companies by 1.8% in the third quarter. Great Lakes Retirement Inc. now owns 7,994 shares of the home improvement retailer’s stock valued at $2,165,000 after acquiring an additional 139 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.2 %

Lowe’s Companies stock traded up $0.47 during midday trading on Thursday, hitting $270.58. The stock had a trading volume of 512,227 shares, compared to its average volume of 2,442,865. The business has a fifty day moving average price of $259.66 and a 200 day moving average price of $239.47. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $287.01. The stock has a market cap of $154.19 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.28 and a beta of 1.10.

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

Lowe’s Companies Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LOW shares. Melius Research started coverage on Lowe’s Companies in a report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price on the stock. UBS Group boosted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley boosted their price objective on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st. Gordon Haskett reduced their price objective on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Finally, Bank of America boosted their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.60.

Insider Buying and Selling at Lowe’s Companies

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s 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 in the company, valued at approximately $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the company’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 sale, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

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.