Buckley Wealth Management LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 13.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,125 shares of the home improvement retailer’s stock after selling 821 shares during the quarter. Buckley Wealth Management LLC’s holdings in Lowe’s Companies were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Next Capital Management LLC bought a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $27,000. Pearl River Capital LLC bought a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $29,000. Knuff & Co LLC bought a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $29,000. Weaver Consulting Group bought a new stake in shares of Lowe’s Companies in the first quarter valued at approximately $28,000. Finally, Ossiam bought a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $31,000. 76.23% of the stock is owned by institutional investors.
Lowe’s Companies stock traded up $2.62 during mid-day trading on Friday, hitting $110.81. 4,498,455 shares of the company were exchanged, compared to its average volume of 3,862,659. The company has a quick ratio of 0.19, a current ratio of 1.06 and a debt-to-equity ratio of 7.80. The business has a fifty day moving average of $110.47 and a 200 day moving average of $105.75. Lowe’s Companies, Inc. has a 1-year low of $84.75 and a 1-year high of $118.23. The company has a market capitalization of $82.20 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.30.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a yield of 1.99%. Lowe’s Companies’s dividend payout ratio is currently 42.80%.
In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the completion of the transaction, the executive vice president now directly owns 17,440 shares in the company, valued at $1,964,092.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $112.34, for a total value of $1,363,358.24. Following the transaction, the chief accounting officer now owns 28,017 shares of the company’s stock, valued at $3,147,429.78. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Wells Fargo & Co set a $125.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Monday, September 30th. Morgan Stanley upped their target price on Lowe’s Companies from $123.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Wedbush upgraded Lowe’s Companies from a “neutral” rating to an “outperform” rating and upped their target price for the company from $115.00 to $135.00 in a research note on Monday, September 16th. UBS Group upped their target price on Lowe’s Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada upped their target price on Lowe’s Companies from $123.00 to $129.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $119.48.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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