Lowe’s Companies, Inc. (NYSE:LOW) is Noesis Capital Mangement Corp’s 9th Largest Position

Noesis Capital Mangement Corp grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 62,843 shares of the home improvement retailer’s stock after acquiring an additional 1,647 shares during the quarter. Lowe’s Companies makes up 3.4% of Noesis Capital Mangement Corp’s holdings, making the stock its 9th biggest holding. Noesis Capital Mangement Corp’s holdings in Lowe’s Companies were worth $17,021,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LOW. Stephens Consulting LLC increased its stake in Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the last quarter. JNBA Financial Advisors boosted its holdings in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in Lowe’s Companies during the 2nd quarter valued at $37,000. Finally, Tsfg LLC lifted its position in Lowe’s Companies by 128.2% in the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 100 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was 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 of the company’s stock, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This represents a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Cowen boosted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Sanford C. Bernstein cut their price target on shares of Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Royal Bank of Canada raised their price objective on shares of Lowe’s Companies from $290.00 to $291.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 20th. Evercore ISI upped their target price on Lowe’s Companies from $255.00 to $270.00 and gave the company an “in-line” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley increased their price target on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Ten 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, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $277.92.

Lowe’s Companies Stock Down 0.5 %

Shares of NYSE:LOW opened at $273.14 on Thursday. The firm has a 50 day moving average of $269.80 and a 200 day moving average of $245.66. The company has a market capitalization of $154.95 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. Lowe’s Companies, Inc. has a 52 week low of $196.32 and a 52 week high of $287.01.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a dividend of $1.15 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio is 38.37%.

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.