WealthPLAN Partners LLC Sells 779 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

WealthPLAN Partners LLC decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,525 shares of the home improvement retailer’s stock after selling 779 shares during the quarter. WealthPLAN Partners LLC’s holdings in Lowe’s Companies were worth $1,767,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in shares of Lowe’s Companies by 1.6% in the third quarter. Harbour Investments Inc. now owns 8,178 shares of the home improvement retailer’s stock valued at $2,215,000 after purchasing an additional 129 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in shares of Lowe’s Companies by 9.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 19,329 shares of the home improvement retailer’s stock valued at $5,236,000 after acquiring an additional 1,628 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Lowe’s Companies by 5.1% in the third quarter. Venturi Wealth Management LLC now owns 10,178 shares of the home improvement retailer’s stock worth $2,757,000 after acquiring an additional 493 shares during the period. Jag Capital Management LLC grew its holdings in Lowe’s Companies by 2.2% during the 3rd quarter. Jag Capital Management LLC now owns 16,328 shares of the home improvement retailer’s stock worth $4,422,000 after acquiring an additional 359 shares in the last quarter. Finally, Delta Financial Advisors LLC raised its holdings in shares of Lowe’s Companies by 2.8% in the 3rd quarter. Delta Financial Advisors LLC now owns 13,143 shares of the home improvement retailer’s stock valued at $3,560,000 after purchasing an additional 354 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now 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 owned by company insiders.

Lowe’s Companies Price Performance

NYSE:LOW opened at $274.51 on Tuesday. The company has a 50 day moving average price of $265.13 and a 200-day moving average price of $242.57. Lowe’s Companies, Inc. has a 1-year low of $192.10 and a 1-year high of $287.01. The firm has a market cap of $155.73 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The business had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. During the same period last year, the firm posted $4.56 earnings per share. The company’s revenue was down 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.92 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LOW shares. Telsey Advisory Group raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $275.00 to $305.00 in a research note on Friday. Sanford C. Bernstein started coverage on Lowe’s Companies in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $323.00 price objective for the company. TD Cowen lifted their target price 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. Royal Bank of Canada decreased their price target on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 21st. Finally, Stifel Nicolaus raised their price target on shares of Lowe’s Companies from $250.00 to $260.00 and gave the company a “hold” rating in a report on Monday. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $273.84.

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.