Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Capital Insight Partners LLC

by · The Cerbat Gem

Capital Insight Partners LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,304 shares of the home improvement retailer’s stock after purchasing an additional 184 shares during the quarter. Capital Insight Partners LLC’s holdings in Lowe’s Companies were worth $1,437,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Tobam boosted its holdings in Lowe’s Companies by 36.7% during the third quarter. Tobam now owns 730 shares of the home improvement retailer’s stock valued at $198,000 after acquiring an additional 196 shares during the period. Quotient Wealth Partners LLC lifted its stake in shares of Lowe’s Companies by 14.7% in the third quarter. Quotient Wealth Partners LLC now owns 2,514 shares of the home improvement retailer’s stock valued at $681,000 after buying an additional 323 shares during the period. Steigerwald Gordon & Koch Inc. lifted its stake in shares of Lowe’s Companies by 9.4% in the third quarter. Steigerwald Gordon & Koch Inc. now owns 1,162 shares of the home improvement retailer’s stock valued at $315,000 after buying an additional 100 shares during the period. Cypress Wealth Services LLC lifted its stake in shares of Lowe’s Companies by 2.5% in the third quarter. Cypress Wealth Services LLC now owns 2,142 shares of the home improvement retailer’s stock valued at $580,000 after buying an additional 53 shares during the period. Finally, Hyperion Partners LLC bought a new stake in shares of Lowe’s Companies in the third quarter valued at about $244,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’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 owns 9,383 shares in the company, valued at approximately $2,334,678.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group raised their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. cut their price target on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. TD Cowen raised their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research note on Thursday, September 19th. Finally, Morgan Stanley raised 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 note on Wednesday, August 21st. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $265.63.

View Our Latest Stock Analysis on Lowe’s Companies

Lowe’s Companies Trading Down 1.4 %

LOW stock traded down $3.95 during mid-day trading on Thursday, hitting $273.23. 874,481 shares of the company were exchanged, compared to its average volume of 2,466,216. The business has a 50 day simple moving average of $251.46 and a 200-day simple moving average of $237.39. The stock has a market capitalization of $155.70 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $278.10.

Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. During the same period in the previous year, the business earned $4.56 earnings per share. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.93 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.68%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.

Lowe’s Companies Profile

(Free Report)

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.

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