Goldstone Financial Group LLC Invests $203,000 in Lowe’s Companies, Inc. (NYSE:LOW)

Goldstone Financial Group LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, Holdings Channel reports. The firm acquired 751 shares of the home improvement retailer’s stock, valued at approximately $203,000.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Lowe’s Companies by 2.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 158,580 shares of the home improvement retailer’s stock worth $40,395,000 after purchasing an additional 4,538 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in shares of Lowe’s Companies by 10.4% during the first quarter. Resonant Capital Advisors LLC now owns 11,401 shares of the home improvement retailer’s stock worth $2,904,000 after buying an additional 1,077 shares during the period. Schear Investment Advisers LLC raised its holdings in Lowe’s Companies by 5.5% in the first quarter. Schear Investment Advisers LLC now owns 1,295 shares of the home improvement retailer’s stock valued at $330,000 after acquiring an additional 68 shares in the last quarter. Capital Investment Counsel Inc grew its holdings in Lowe’s Companies by 16.5% during the 1st quarter. Capital Investment Counsel Inc now owns 116,426 shares of the home improvement retailer’s stock worth $29,657,000 after acquiring an additional 16,450 shares in the last quarter. Finally, PDS Planning Inc increased its position in shares of Lowe’s Companies by 4.3% in the 1st quarter. PDS Planning Inc now owns 4,351 shares of the home improvement retailer’s stock valued at $1,108,000 after purchasing an additional 181 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

LOW stock opened at $261.83 on Friday. The stock has a market capitalization of $148.53 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. The company has a fifty day moving average of $262.57 and a 200-day moving average of $240.60. Lowe’s Companies, Inc. has a one year low of $187.77 and a one year high of $287.01.

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

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $1.15 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s payout ratio is presently 38.14%.

Insider Transactions at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s 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 $3,586,940.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction dated 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 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 SEC, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LOW. Morgan Stanley lifted their price objective on shares of Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Gordon Haskett dropped their price objective on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. TD Cowen raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday. UBS Group upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Piper Sandler boosted their price objective on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Eleven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $271.60.

About Lowe’s Companies

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.