Atria Investments Inc Lowers Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Atria Investments Inc decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 7.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,373 shares of the home improvement retailer’s stock after selling 4,611 shares during the period. Atria Investments Inc’s holdings in Lowe’s Companies were worth $16,081,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Angeles Wealth Management LLC raised its stake in Lowe’s Companies by 36.9% in the first quarter. Angeles Wealth Management LLC now owns 1,585 shares of the home improvement retailer’s stock worth $404,000 after buying an additional 427 shares in the last quarter. Reynders McVeigh Capital Management LLC raised its stake in Lowe’s Companies by 6.8% in the first quarter. Reynders McVeigh Capital Management LLC now owns 1,417 shares of the home improvement retailer’s stock worth $361,000 after buying an additional 90 shares in the last quarter. Atomi Financial Group Inc. raised its stake in Lowe’s Companies by 107.0% in the first quarter. Atomi Financial Group Inc. now owns 2,933 shares of the home improvement retailer’s stock worth $747,000 after buying an additional 1,516 shares in the last quarter. WNY Asset Management LLC bought a new position in Lowe’s Companies in the first quarter worth approximately $203,000. Finally, NorthRock Partners LLC increased its position in shares of Lowe’s Companies by 19.2% during the first quarter. NorthRock Partners LLC now owns 4,715 shares of the home improvement retailer’s stock worth $1,201,000 after purchasing an additional 761 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein assumed coverage on Lowe’s Companies in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $323.00 price target on the stock. TD Cowen upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Morgan Stanley upped their price target on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Piper Sandler upped their price target on Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Bank of America upped their price target on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.44.

Lowe’s Companies Trading Up 1.8 %

Shares of Lowe’s Companies stock opened at $271.10 on Friday. The firm has a market capitalization of $153.79 billion, a PE ratio of 22.48, a P/E/G ratio of 2.15 and a beta of 1.10. Lowe’s Companies, Inc. has a twelve month low of $189.05 and a twelve month high of $287.01. The firm’s 50-day moving average price is $264.61 and its 200 day moving average price is $242.11.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results 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. The firm 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 quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company posted $4.56 EPS. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.91 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a $1.15 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.70%. Lowe’s Companies’s dividend payout ratio is presently 38.14%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction dated 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 completion of the sale, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’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 transaction of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This 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.