Stratos Investment Management LLC Acquires 158 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Stratos Investment Management LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,902 shares of the home improvement retailer’s stock after purchasing an additional 158 shares during the quarter. Stratos Investment Management LLC’s holdings in Lowe’s Companies were worth $1,057,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LOW. Kohmann Bosshard Financial Services LLC bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $204,000. Stratos Wealth Partners LTD. raised its position in Lowe’s Companies by 9.4% during the third quarter. Stratos Wealth Partners LTD. now owns 40,143 shares of the home improvement retailer’s stock valued at $10,873,000 after purchasing an additional 3,438 shares during the period. Aspiriant LLC lifted its stake in shares of Lowe’s Companies by 1.1% in the 3rd quarter. Aspiriant LLC now owns 6,647 shares of the home improvement retailer’s stock valued at $1,800,000 after purchasing an additional 73 shares during the last quarter. Trust Point Inc. boosted its holdings in shares of Lowe’s Companies by 2.9% in the 3rd quarter. Trust Point Inc. now owns 4,113 shares of the home improvement retailer’s stock worth $1,114,000 after purchasing an additional 116 shares during the period. Finally, Aaron Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 19.9% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 4,720 shares of the home improvement retailer’s stock valued at $1,278,000 after purchasing an additional 782 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $230.00 to $305.00 in a research report on Tuesday, September 24th. Evercore ISI raised their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock an “in-line” rating in a report on Wednesday, August 21st. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. dropped their target price on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Finally, Piper Sandler increased their price target on Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $268.42.

Lowe’s Companies Trading Up 0.1 %

Shares of NYSE LOW opened at $281.57 on Friday. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $287.01. The stock’s fifty day simple moving average is $257.37 and its two-hundred day simple moving average is $238.81. The stock has a market capitalization of $160.45 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The company had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter last year, the company earned $4.56 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities analysts predict that Lowe’s Companies, Inc. will post 11.91 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.63%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.

Insider Buying and Selling at Lowe’s Companies

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the transaction, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 13,214 shares in the company, valued at approximately $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 insiders.

Lowe’s Companies Company Profile

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.