Burns J W & Co. Inc. NY Lowers Position in Lowe’s Companies, Inc. (NYSE:LOW)

Burns J W & Co. Inc. NY decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% during the 3rd quarter, Holdings Channel reports. The fund owned 26,102 shares of the home improvement retailer’s stock after selling 794 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Lowe’s Companies were worth $7,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quent Capital LLC boosted its holdings in Lowe’s Companies by 36.3% during the third quarter. Quent Capital LLC now owns 4,782 shares of the home improvement retailer’s stock worth $1,293,000 after buying an additional 1,274 shares in the last quarter. Trivant Custom Portfolio Group LLC boosted its holdings in Lowe’s Companies by 0.4% during the third quarter. Trivant Custom Portfolio Group LLC now owns 13,860 shares of the home improvement retailer’s stock worth $3,754,000 after buying an additional 58 shares in the last quarter. Goelzer Investment Management Inc. boosted its holdings in Lowe’s Companies by 0.5% during the third quarter. Goelzer Investment Management Inc. now owns 24,170 shares of the home improvement retailer’s stock worth $6,546,000 after buying an additional 114 shares in the last quarter. Allied Investment Advisors LLC boosted its holdings in Lowe’s Companies by 0.5% during the third quarter. Allied Investment Advisors LLC now owns 52,594 shares of the home improvement retailer’s stock worth $14,245,000 after buying an additional 281 shares in the last quarter. Finally, Triton Wealth Management PLLC boosted its holdings in Lowe’s Companies by 5.0% during the third quarter. Triton Wealth Management PLLC now owns 2,274 shares of the home improvement retailer’s stock worth $622,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.9 %

NYSE LOW traded down $2.45 during trading hours on Friday, reaching $267.76. 2,245,752 shares of the company traded hands, compared to its average volume of 2,478,539. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $274.16. The stock has a market capitalization of $152.58 billion, a PE ratio of 21.51, a PEG ratio of 2.15 and a beta of 1.10. The company has a 50 day moving average of $249.61 and a two-hundred day moving average of $237.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS 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 firm had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. During the same period in the prior year, the firm posted $4.56 EPS. The firm’s revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.93 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.72%. 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 is 36.95%.

Insiders Place Their Bets

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the 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 sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, 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 available at the SEC website. In related news, EVP Margrethe R. Vagell sold 5,730 shares of the 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 sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the 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 in the company, valued at approximately $2,334,678.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research analyst reports. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Royal Bank of Canada reduced 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. UBS Group upped their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a report on Wednesday, August 21st. Finally, Loop Capital boosted their price objective on shares of Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $263.54.

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.