Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,775 shares of the home improvement retailer’s stock after selling 65 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Lowe’s Companies were worth $752,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Tectonic Advisors LLC grew its stake in shares of Lowe’s Companies by 18.5% in the first quarter. Tectonic Advisors LLC now owns 4,793 shares of the home improvement retailer’s stock worth $1,221,000 after purchasing an additional 749 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in Lowe’s Companies by 6.7% in the 1st quarter. TCI Wealth Advisors Inc. now owns 1,696 shares of the home improvement retailer’s stock valued at $432,000 after buying an additional 107 shares in the last quarter. Montag A & Associates Inc. increased its stake in Lowe’s Companies by 97.7% during the 1st quarter. Montag A & Associates Inc. now owns 20,009 shares of the home improvement retailer’s stock valued at $5,097,000 after buying an additional 9,887 shares during the period. Angeles Wealth Management LLC raised its position in shares of Lowe’s Companies by 36.9% during the 1st quarter. Angeles Wealth Management LLC now owns 1,585 shares of the home improvement retailer’s stock worth $404,000 after buying an additional 427 shares in the last quarter. Finally, Reynders McVeigh Capital Management LLC lifted its stake in shares of Lowe’s Companies by 6.8% in the 1st quarter. Reynders McVeigh Capital Management LLC now owns 1,417 shares of the home improvement retailer’s stock worth $361,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. 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. Bank of America raised their target price on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Morgan Stanley boosted their price target on shares of Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Finally, Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $273.44.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $271.10 on Friday. The business’s 50-day simple moving average is $264.61 and its 200-day simple moving average is $242.11. Lowe’s Companies, Inc. has a 52 week low of $189.05 and a 52 week high of $287.01. The firm has a market cap of $153.79 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.15 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS 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 for the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter last year, the company posted $4.56 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.91 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.70%. The ex-dividend date was 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 (DPR) is 38.14%.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’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 directly owns 9,383 shares in the company, valued at $2,334,678.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the 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 completion of the sale, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This trade represents 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.

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.