Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,235 shares of the home improvement retailer’s stock after selling 49 shares during the period. Mcdaniel Terry & Co.’s holdings in Lowe’s Companies were worth $1,147,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC boosted its stake in shares of Lowe’s Companies by 26.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,029 shares of the home improvement retailer’s stock valued at $2,045,000 after buying an additional 1,697 shares during the period. Thrive Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 14.4% during the 1st quarter. Thrive Wealth Management LLC now owns 1,302 shares of the home improvement retailer’s stock valued at $332,000 after buying an additional 164 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Lowe’s Companies during the 1st quarter valued at $239,000. Register Financial Advisors LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at $62,000. Finally, Sawyer & Company Inc raised its holdings in shares of Lowe’s Companies by 9.3% during the 1st quarter. Sawyer & Company Inc now owns 4,447 shares of the home improvement retailer’s stock valued at $1,133,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were 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 of the company’s stock, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $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. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Up 0.5 %

Shares of Lowe’s Companies stock opened at $271.36 on Friday. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $287.01. The stock has a market cap of $154.63 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 2.28 and a beta of 1.10. The company’s fifty day moving average is $259.66 and its 200 day moving average is $239.47.

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

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.70%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is currently 36.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LOW shares. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Piper Sandler raised their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Wednesday, August 21st. Truist Financial raised their price target on shares of Lowe’s Companies from $269.00 to $306.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada cut their price target on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 21st. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $270.60.

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.