Kingsview Wealth Management LLC Buys 1,858 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Kingsview Wealth Management LLC grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,163 shares of the home improvement retailer’s stock after acquiring an additional 1,858 shares during the period. Kingsview Wealth Management LLC’s holdings in Lowe’s Companies were worth $10,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Cerity Partners LLC raised its stake in shares of Lowe’s Companies by 19.0% in the third quarter. Cerity Partners LLC now owns 210,662 shares of the home improvement retailer’s stock worth $57,058,000 after acquiring an additional 33,686 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Lowe’s Companies by 1.8% in the third quarter. Great Valley Advisor Group Inc. now owns 33,164 shares of the home improvement retailer’s stock worth $8,982,000 after acquiring an additional 572 shares during the last quarter. Waddell & Associates LLC raised its stake in shares of Lowe’s Companies by 8.6% in the third quarter. Waddell & Associates LLC now owns 1,036 shares of the home improvement retailer’s stock worth $280,000 after acquiring an additional 82 shares during the last quarter. Nicolet Advisory Services LLC raised its stake in shares of Lowe’s Companies by 5.4% in the third quarter. Nicolet Advisory Services LLC now owns 3,446 shares of the home improvement retailer’s stock worth $931,000 after acquiring an additional 175 shares during the last quarter. Finally, Leelyn Smith LLC raised its stake in shares of Lowe’s Companies by 2.1% in the third quarter. Leelyn Smith LLC now owns 18,597 shares of the home improvement retailer’s stock worth $5,037,000 after acquiring an additional 391 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on LOW. Mizuho boosted their target price on shares of Lowe’s Companies from $280.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America boosted their price target on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Evercore ISI boosted their price target on shares of Lowe’s Companies from $255.00 to $270.00 and gave the stock an “in-line” rating in a research note on Wednesday. Finally, UBS Group boosted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $277.92.

Insiders Place Their Bets

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction that occurred on 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 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 41.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW opened at $264.63 on Friday. The firm has a market capitalization of $150.12 billion, a PE ratio of 22.07, a PEG ratio of 2.22 and a beta of 1.10. The company’s 50-day moving average is $268.74 and its 200-day moving average is $244.73. Lowe’s Companies, Inc. has a fifty-two week low of $196.23 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same period last year, the firm earned $4.56 earnings per share. Lowe’s Companies’s revenue for the quarter was down 5.5% compared to the same quarter last year. Analysts predict that Lowe’s Companies, Inc. will post 11.88 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.74%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

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.