Castle Wealth Management LLC Buys 323 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Castle Wealth Management LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,316 shares of the home improvement retailer’s stock after acquiring an additional 323 shares during the quarter. Castle Wealth Management LLC’s holdings in Lowe’s Companies were worth $1,440,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LOW. Advisory Alpha LLC increased its position in Lowe’s Companies by 3.6% during the 1st quarter. Advisory Alpha LLC now owns 3,600 shares of the home improvement retailer’s stock worth $917,000 after buying an additional 126 shares during the period. Empirical Finance LLC increased its position in Lowe’s Companies by 3.1% during the first quarter. Empirical Finance LLC now owns 22,826 shares of the home improvement retailer’s stock worth $5,814,000 after acquiring an additional 688 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Lowe’s Companies by 20.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 62,964 shares of the home improvement retailer’s stock worth $16,039,000 after purchasing an additional 10,802 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Lowe’s Companies by 0.8% in the 1st quarter. Metis Global Partners LLC now owns 27,256 shares of the home improvement retailer’s stock valued at $6,943,000 after purchasing an additional 205 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Lowe’s Companies by 110.8% during the 1st quarter. SG Americas Securities LLC now owns 74,600 shares of the home improvement retailer’s stock worth $19,003,000 after purchasing an additional 39,212 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Transactions at Lowe’s Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was 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 $2,334,678.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies 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 completion of the transaction, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. 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.

Lowe’s Companies Price Performance

NYSE:LOW opened at $263.01 on Thursday. Lowe’s Companies, Inc. has a one year low of $189.05 and a one year high of $287.01. The company has a market cap of $149.20 billion, a PE ratio of 21.81, a P/E/G ratio of 2.18 and a beta of 1.10. The firm’s 50 day simple moving average is $263.77 and its 200 day simple moving average is $241.67.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued 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. The company had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. Lowe’s Companies’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.56 earnings per share. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a $1.15 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, October 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.75%. Lowe’s Companies’s dividend payout ratio is presently 38.14%.

Analyst Ratings Changes

LOW has been the subject of a number of analyst reports. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. Morgan Stanley lifted their price objective on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. Piper Sandler increased their target price on Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and boosted their price target for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Finally, Melius Research started coverage on shares of Lowe’s Companies in a research note on Monday, September 23rd. They set a “buy” rating and a $290.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $272.24.

View Our Latest Stock Analysis on Lowe’s Companies

About Lowe’s Companies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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