SYSTM Wealth Solutions LLC Sells 5,527 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

SYSTM Wealth Solutions LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 70.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,267 shares of the home improvement retailer’s stock after selling 5,527 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Lowe’s Companies were worth $500,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Tidemark LLC bought a new stake in Lowe’s Companies in the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at $28,000. Transcendent Capital Group LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at $31,000. Stephens Consulting LLC increased its position in shares of Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. Finally, Keener Financial Planning LLC bought a new position in Lowe’s Companies during the first quarter worth $35,000. 74.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on LOW shares. Bank of America cut their price target on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Gordon Haskett decreased their target price on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. DA Davidson dropped their price target on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada lowered their price objective on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 21st. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $252.83.

Lowe’s Companies Price Performance

LOW opened at $256.63 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The company has a market capitalization of $146.24 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 2.03 and a beta of 1.10. The firm’s fifty day moving average price is $242.43 and its two-hundred day moving average price is $235.09.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results 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 business 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%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.56 earnings per share. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.93 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.79%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 36.95%.

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.