Great Lakes Retirement Inc. Has $2.17 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Great Lakes Retirement Inc. raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% during the third quarter, HoldingsChannel reports. The firm owned 7,994 shares of the home improvement retailer’s stock after acquiring an additional 139 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Lowe’s Companies were worth $2,165,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LOW. Kingswood Wealth Advisors LLC grew its position in Lowe’s Companies by 11.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 4,115 shares of the home improvement retailer’s stock valued at $1,048,000 after acquiring an additional 434 shares during the last quarter. GoalVest Advisory LLC grew its holdings in shares of Lowe’s Companies by 63.2% during the 1st quarter. GoalVest Advisory LLC now owns 573 shares of the home improvement retailer’s stock valued at $146,000 after purchasing an additional 222 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Lowe’s Companies during the first quarter worth $214,000. Wealthcare Advisory Partners LLC boosted its holdings in shares of Lowe’s Companies by 26.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,029 shares of the home improvement retailer’s stock valued at $2,045,000 after acquiring an additional 1,697 shares in the last quarter. Finally, ERn Financial LLC bought a new stake in Lowe’s Companies during the 1st quarter worth $225,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LOW. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and increased their target price for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. 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 on the stock in a research report on Wednesday, August 21st. Evercore ISI upped their price target on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a research report on Wednesday, August 21st. TD Cowen lifted their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein initiated coverage on Lowe’s Companies in a report on Tuesday. They issued an “outperform” rating and a $323.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $270.60.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now owns 13,214 shares in the company, valued at $3,586,940.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $270.11 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $287.01. The business’s 50 day simple moving average is $259.66 and its two-hundred day simple moving average is $239.47. The firm has a market cap of $153.92 billion, a P/E ratio of 21.70, a PEG ratio of 2.28 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter last year, the firm posted $4.56 EPS. Lowe’s Companies’s revenue was down 5.5% compared to the same quarter last year. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.91 earnings per share for the current fiscal 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 $1.15 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.70%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 36.95%.

About Lowe’s Companies

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.