Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Lessened by Pathstone Holdings LLC

Pathstone Holdings LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 588,953 shares of the home improvement retailer’s stock after selling 159 shares during the quarter. Lowe’s Companies comprises 0.7% of Pathstone Holdings LLC’s holdings, making the stock its 20th biggest position. Pathstone Holdings LLC’s holdings in Lowe’s Companies were worth $159,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Baron Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 10.7% in the third quarter. Baron Wealth Management LLC now owns 3,403 shares of the home improvement retailer’s stock worth $922,000 after buying an additional 329 shares during the period. OneAscent Wealth Management LLC acquired a new position in Lowe’s Companies in the 3rd quarter worth approximately $419,000. Meeder Advisory Services Inc. boosted its stake in Lowe’s Companies by 3.8% in the 3rd quarter. Meeder Advisory Services Inc. now owns 14,593 shares of the home improvement retailer’s stock worth $3,952,000 after purchasing an additional 536 shares during the period. Semus Wealth Partners LLC purchased a new position in Lowe’s Companies during the 3rd quarter worth approximately $225,000. Finally, Cassaday & Co Wealth Management LLC raised its stake in Lowe’s Companies by 2.7% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 3,031 shares of the home improvement retailer’s stock valued at $821,000 after purchasing an additional 79 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on Lowe’s Companies from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Morgan Stanley lifted their target price on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. reduced their price target on shares of 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, Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Ten investment 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 currently has a consensus rating of “Moderate Buy” and an average target price of $273.84.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $271.87 on Tuesday. The stock’s 50 day simple moving average is $267.74 and its 200 day simple moving average is $244.04. Lowe’s Companies, Inc. has a twelve month low of $196.23 and a twelve month high of $287.01. The company has a market capitalization of $154.23 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.21 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, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same period in the previous year, the company earned $4.56 earnings per share. Lowe’s Companies’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a dividend of $1.15 per share. This is a positive change 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 1.69%. Lowe’s Companies’s payout ratio is currently 38.14%.

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.