Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Transform Wealth LLC

Transform Wealth LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,361 shares of the home improvement retailer’s stock after selling 393 shares during the period. Transform Wealth LLC’s holdings in Lowe’s Companies were worth $3,032,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Oldfather Financial Services LLC raised its stake in shares of Lowe’s Companies by 4.8% in the 4th quarter. Oldfather Financial Services LLC now owns 1,021 shares of the home improvement retailer’s stock worth $232,000 after buying an additional 47 shares in the last quarter. PSI Advisors LLC raised its stake in shares of Lowe’s Companies by 1.2% in the 1st quarter. PSI Advisors LLC now owns 4,056 shares of the home improvement retailer’s stock worth $820,000 after buying an additional 50 shares in the last quarter. Arbor Trust Wealth Advisors LLC raised its stake in shares of Lowe’s Companies by 1.5% in the 1st quarter. Arbor Trust Wealth Advisors LLC now owns 3,461 shares of the home improvement retailer’s stock worth $700,000 after buying an additional 50 shares in the last quarter. Westhampton Capital LLC raised its stake in shares of Lowe’s Companies by 0.7% in the 1st quarter. Westhampton Capital LLC now owns 7,100 shares of the home improvement retailer’s stock worth $1,436,000 after buying an additional 50 shares in the last quarter. Finally, Rollins Financial raised its stake in shares of Lowe’s Companies by 4.1% in the 1st quarter. Rollins Financial now owns 1,263 shares of the home improvement retailer’s stock worth $255,000 after buying an additional 50 shares in the last quarter. 74.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI boosted their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Wedbush boosted their target price on Lowe’s Companies from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, August 18th. Citigroup boosted their target price on Lowe’s Companies to $217.00 in a research report on Monday, August 22nd. DA Davidson boosted their target price on Lowe’s Companies from $225.00 to $247.00 in a research report on Thursday, August 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Lowe’s Companies from $230.00 to $210.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $244.05.

Lowe’s Companies Price Performance

Shares of LOW stock traded down $1.61 on Friday, hitting $186.51. The company’s stock had a trading volume of 100,268 shares, compared to its average volume of 3,715,737. Lowe’s Companies, Inc. has a fifty-two week low of $170.12 and a fifty-two week high of $263.31. The firm’s fifty day moving average price is $198.00 and its 200-day moving average price is $197.74. The stock has a market capitalization of $115.77 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 1.06 and a beta of 1.22.

Lowe’s Companies (NYSE:LOWGet Rating) last released its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.04. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. The business had revenue of $27.48 billion during the quarter, compared to analyst estimates of $28.16 billion. During the same quarter in the previous year, the business earned $4.25 EPS. Lowe’s Companies’s quarterly revenue was down .3% compared to the same quarter last year. Analysts predict that Lowe’s Companies, Inc. will post 13.51 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Tuesday, October 18th. Lowe’s Companies’s payout ratio is presently 33.10%.

Insider Activity at Lowe’s Companies

In related news, EVP Seemantini Godbole sold 11,761 shares of Lowe’s Companies stock in a transaction on Friday, August 19th. The shares were sold at an average price of $214.37, for a total value of $2,521,205.57. Following the completion of the sale, the executive vice president now owns 26,575 shares of the company’s stock, valued at approximately $5,696,882.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by company insiders.

Lowe’s Companies Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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

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