Lowe’s Companies, Inc. (NYSE:LOW) Stake Decreased by Glassy Mountain Advisors Inc.

Glassy Mountain Advisors Inc. cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,635 shares of the home improvement retailer’s stock after selling 1,395 shares during the period. Lowe’s Companies makes up 3.4% of Glassy Mountain Advisors Inc.’s investment portfolio, making the stock its 9th largest position. Glassy Mountain Advisors Inc.’s holdings in Lowe’s Companies were worth $9,652,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Fort Pitt Capital Group LLC boosted its holdings in Lowe’s Companies by 0.7% in the third quarter. Fort Pitt Capital Group LLC now owns 480,864 shares of the home improvement retailer’s stock valued at $130,242,000 after acquiring an additional 3,283 shares during the last quarter. Campbell Capital Management Inc. raised its holdings in shares of Lowe’s Companies by 4.7% in the 3rd quarter. Campbell Capital Management Inc. now owns 24,750 shares of the home improvement retailer’s stock worth $6,704,000 after purchasing an additional 1,100 shares during the period. Janney Capital Management LLC raised its holdings in shares of Lowe’s Companies by 6.4% in the 3rd quarter. Janney Capital Management LLC now owns 1,337 shares of the home improvement retailer’s stock worth $362,000 after purchasing an additional 80 shares during the period. Optas LLC grew its holdings in shares of Lowe’s Companies by 10.4% during the 3rd quarter. Optas LLC now owns 1,358 shares of the home improvement retailer’s stock worth $368,000 after purchasing an additional 128 shares during the period. Finally, Princeton Global Asset Management LLC increased its position in Lowe’s Companies by 1.4% during the 3rd quarter. Princeton Global Asset Management LLC now owns 6,496 shares of the home improvement retailer’s stock worth $1,759,000 after purchasing an additional 87 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe’s Companies

In related news, 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 transaction 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 approximately $2,334,678.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 completion of the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $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 available at the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 13,214 shares in the company, valued at $3,586,940.30. 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 corporate insiders.

Lowe’s Companies Trading Up 0.0 %

LOW opened at $261.94 on Friday. The business’s 50 day moving average is $262.81 and its 200-day moving average is $240.91. The stock has a market cap of $148.60 billion, a PE ratio of 21.72, a price-to-earnings-growth 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.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS 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 company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $4.56 earnings per share. As a group, analysts forecast that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a boost 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%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.14%.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research analyst reports. Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and increased their target price for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a report on Wednesday, August 21st. Wells Fargo & Company lowered their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Wednesday, August 21st. Bank of America increased their price target on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, UBS Group upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Eleven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $271.60.

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.