Signature Estate & Investment Advisors LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 98.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,587 shares of the home improvement retailer’s stock after selling 182,430 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Lowe’s Companies were worth $452,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mutual Advisors LLC increased its stake in shares of Lowe’s Companies by 1.3% during the fourth quarter. Mutual Advisors LLC now owns 9,982 shares of the home improvement retailer’s stock worth $2,580,000 after purchasing an additional 124 shares during the period. Rowland & Co. Investment Counsel ADV bought a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $200,000. Mmbg Investment Advisors CO. bought a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $205,000. ETF Managers Group LLC bought a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $925,000. Finally, Partners Capital Investment Group LLP increased its stake in shares of Lowe’s Companies by 264.6% during the fourth quarter. Partners Capital Investment Group LLP now owns 61,026 shares of the home improvement retailer’s stock worth $15,774,000 after purchasing an additional 44,289 shares during the period. Institutional investors own 74.04% of the company’s stock.
Insider Activity at Lowe’s Companies
In related news, EVP Seemantini Godbole sold 11,761 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $214.37, for a total transaction of $2,521,205.57. Following the sale, the executive vice president now owns 26,575 shares of the company’s stock, valued at approximately $5,696,882.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.
Lowe’s Companies Stock Down 0.1 %
Lowe’s Companies (NYSE:LOW – Get Rating) last released its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. Lowe’s Companies had a negative return on equity of 155.26% and a net margin of 8.83%. The company had revenue of $27.48 billion for the quarter, compared to the consensus estimate of $28.16 billion. During the same quarter last year, the business posted $4.25 EPS. Lowe’s Companies’s revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current fiscal year.
Lowe’s Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, October 18th. Lowe’s Companies’s dividend payout ratio (DPR) is 33.10%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on LOW. Wells Fargo & Company increased their target price on Lowe’s Companies from $220.00 to $245.00 in a research note on Wednesday, August 17th. Jefferies Financial Group raised their price objective on Lowe’s Companies from $238.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. TheStreet upgraded Lowe’s Companies from a “c+” rating to a “b” rating in a research note on Monday, August 29th. Morgan Stanley lowered their price objective on Lowe’s Companies from $280.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Finally, DA Davidson raised their price objective on Lowe’s Companies from $225.00 to $247.00 in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $244.05.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.
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