Ignite Planners LLC Sells 336 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Ignite Planners LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 17.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,553 shares of the home improvement retailer’s stock after selling 336 shares during the period. Ignite Planners LLC’s holdings in Lowe’s Companies were worth $421,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of Lowe’s Companies by 7.4% during the 3rd quarter. Versant Capital Management Inc now owns 4,929 shares of the home improvement retailer’s stock worth $1,335,000 after buying an additional 339 shares during the period. Atwood & Palmer Inc. boosted its holdings in shares of Lowe’s Companies by 2.2% during the 3rd quarter. Atwood & Palmer Inc. now owns 70,445 shares of the home improvement retailer’s stock worth $19,080,000 after buying an additional 1,530 shares during the period. Foster Group Inc. boosted its holdings in shares of Lowe’s Companies by 5.0% during the 3rd quarter. Foster Group Inc. now owns 1,715 shares of the home improvement retailer’s stock worth $464,000 after buying an additional 81 shares during the period. Fragasso Financial Advisors Inc boosted its holdings in shares of Lowe’s Companies by 1.3% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 20,852 shares of the home improvement retailer’s stock worth $5,648,000 after buying an additional 261 shares during the period. Finally, Kwmg LLC boosted its holdings in shares of Lowe’s Companies by 19.0% during the 3rd quarter. Kwmg LLC now owns 2,082 shares of the home improvement retailer’s stock worth $564,000 after buying an additional 332 shares during the period. 74.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lowe’s Companies 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 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 $3,586,940.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lowe’s Companies 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 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 $3,586,940.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.06. This represents 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.

Lowe’s Companies Stock Up 1.8 %

Shares of Lowe’s Companies stock opened at $273.27 on Wednesday. The stock has a market capitalization of $155.72 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. The company has a 50-day simple moving average of $250.19 and a 200 day simple moving average of $237.01. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $274.26.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. The business had revenue of $23.59 billion during 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% on a year-over-year basis. During the same quarter last year, the company posted $4.56 EPS. On average, equities analysts anticipate 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 announced 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. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOW. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Wednesday, August 21st. Piper Sandler upped their price objective on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Melius Research initiated coverage on shares of Lowe’s Companies in a research note on Monday, September 23rd. They set a “buy” rating and a $290.00 target price for the company. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada cut their target price 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 thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.