180 Wealth Advisors LLC trimmed its position in Lowe's Companies, Inc. (NYSE:LOW) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,009 shares of the home improvement retailer’s stock after selling 311 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Lowe's Companies were worth $1,064,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in LOW. Two Sigma Advisers LP raised its position in Lowe's Companies by 157.7% during the second quarter. Two Sigma Advisers LP now owns 2,983,502 shares of the home improvement retailer’s stock valued at $403,131,000 after acquiring an additional 1,825,900 shares in the last quarter. Man Group plc raised its position in Lowe's Companies by 4,527.7% during the second quarter. Man Group plc now owns 1,685,416 shares of the home improvement retailer’s stock valued at $227,734,000 after acquiring an additional 1,648,996 shares in the last quarter. AQR Capital Management LLC raised its position in Lowe's Companies by 272.8% during the second quarter. AQR Capital Management LLC now owns 1,953,990 shares of the home improvement retailer’s stock valued at $262,148,000 after acquiring an additional 1,429,911 shares in the last quarter. Standard Life Aberdeen plc raised its position in Lowe's Companies by 186.2% during the third quarter. Standard Life Aberdeen plc now owns 1,525,532 shares of the home improvement retailer’s stock valued at $253,025,000 after acquiring an additional 992,575 shares in the last quarter. Finally, State Street Corp raised its position in Lowe's Companies by 2.7% during the first quarter. State Street Corp now owns 35,413,724 shares of the home improvement retailer’s stock valued at $3,047,351,000 after acquiring an additional 922,369 shares in the last quarter. Hedge funds and other institutional investors own 74.63% of the company’s stock.
In other Lowe's Companies news, EVP Ross W. Mccanless sold 62,838 shares of Lowe's Companies stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $168.33, for a total value of $10,577,520.54. Following the sale, the executive vice president now owns 72,967 shares in the company, valued at $12,282,535.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by insiders.
Lowe's Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.95 by $0.80. Lowe's Companies had a return on equity of 228.17% and a net margin of 7.12%. The company had revenue of $27.30 billion for the quarter, compared to analyst estimates of $24.24 billion. During the same quarter in the previous year, the company posted $2.15 earnings per share. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. Equities research analysts forecast that Lowe's Companies, Inc. will post 8.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a $0.60 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.43%. This is an increase from Lowe's Companies’s previous quarterly dividend of $0.55. Lowe's Companies’s payout ratio is currently 41.96%.
LOW has been the subject of several recent research reports. DA Davidson lifted their price target on Lowe's Companies from $180.00 to $185.00 in a research report on Thursday, August 20th. Truist Financial raised their price objective on Lowe's Companies from $135.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Goldman Sachs Group raised their price objective on Lowe's Companies from $149.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Royal Bank of Canada raised their price objective on Lowe's Companies from $165.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Finally, Oppenheimer lowered Lowe's Companies from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $185.00 to $180.00 in a report on Friday, September 18th. Four analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. Lowe's Companies presently has a consensus rating of “Buy” and an average price target of $170.13.
Lowe's Companies Company Profile
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 appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
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