Farther Finance Advisors LLC Acquires 1,075 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Farther Finance Advisors LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,166 shares of the home improvement retailer’s stock after buying an additional 1,075 shares during the quarter. Farther Finance Advisors LLC’s holdings in Lowe’s Companies were worth $2,212,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LOW. Sitrin Capital Management LLC increased its holdings in shares of Lowe’s Companies by 6.0% in the 3rd quarter. Sitrin Capital Management LLC now owns 1,592 shares of the home improvement retailer’s stock valued at $431,000 after acquiring an additional 90 shares during the period. Silver Coast Investments LLC boosted its position in Lowe’s Companies by 2.4% during the third quarter. Silver Coast Investments LLC now owns 2,091 shares of the home improvement retailer’s stock valued at $566,000 after purchasing an additional 50 shares in the last quarter. TPG Advisors LLC purchased a new position in Lowe’s Companies in the third quarter valued at about $206,000. Absher Wealth Management LLC raised its holdings in Lowe’s Companies by 10.3% in the third quarter. Absher Wealth Management LLC now owns 17,115 shares of the home improvement retailer’s stock worth $4,636,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Lowe’s Companies by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 5,707 shares of the home improvement retailer’s stock valued at $1,546,000 after buying an additional 111 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Telsey Advisory Group lifted their price target on shares of Lowe’s Companies from $230.00 to $275.00 and gave the stock a “market perform” rating in a report on Wednesday, October 2nd. Morgan Stanley increased their price objective on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. Oppenheimer upgraded 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 research note on Tuesday, September 24th. Finally, TD Cowen increased their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $271.60.

Lowe’s Companies Stock Performance

Shares of LOW opened at $261.94 on Friday. The company has a market capitalization of $148.60 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.15 and a beta of 1.10. The business’s 50-day moving average is $262.81 and its two-hundred day moving average is $240.91. Lowe’s Companies, Inc. has a fifty-two week low of $189.05 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $23.93 billion. During the same period last year, the business earned $4.56 earnings per share. Lowe’s Companies’s quarterly revenue was down 5.5% on a year-over-year basis. Analysts forecast that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, October 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.14%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was 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 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 disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

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.