Mowery & Schoenfeld Wealth Management LLC Sells 108 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Mowery & Schoenfeld Wealth Management LLC decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,845 shares of the home improvement retailer’s stock after selling 108 shares during the quarter. Lowe’s Companies makes up about 0.8% of Mowery & Schoenfeld Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Mowery & Schoenfeld Wealth Management LLC’s holdings in Lowe’s Companies were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of LOW. Kingswood Wealth Advisors LLC boosted its holdings in shares of Lowe’s Companies by 11.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,115 shares of the home improvement retailer’s stock worth $1,048,000 after acquiring an additional 434 shares in the last quarter. GoalVest Advisory LLC grew its holdings in shares of Lowe’s Companies by 63.2% during the first quarter. GoalVest Advisory LLC now owns 573 shares of the home improvement retailer’s stock worth $146,000 after purchasing an additional 222 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Lowe’s Companies during the first quarter worth $214,000. Wealthcare Advisory Partners LLC increased its stake in shares of Lowe’s Companies by 26.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 8,029 shares of the home improvement retailer’s stock valued at $2,045,000 after buying an additional 1,697 shares in the last quarter. Finally, ERn Financial LLC bought a new position in shares of Lowe’s Companies in the first quarter valued at about $225,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 0.1 %

Lowe’s Companies stock traded up $0.37 during mid-day trading on Thursday, hitting $270.48. 438,124 shares of the company’s stock were exchanged, compared to its average volume of 2,442,505. The company’s 50 day simple moving average is $259.66 and its 200-day simple moving average is $239.47. The firm has a market capitalization of $154.13 billion, a P/E ratio of 21.70, a PEG ratio of 2.28 and a beta of 1.10. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The company had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same quarter last year, the firm posted $4.56 earnings per share. Lowe’s Companies’s revenue was down 5.5% compared to the same quarter last year. Research analysts expect that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared 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. This represents a $4.60 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Wednesday, October 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is 36.95%.

Insider Transactions at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction dated 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 sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s 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 trade represents a 0.00 % 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

Several equities research analysts have weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 21st. TD Cowen raised their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a report on Thursday, September 19th. Bank of America upped their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Wells Fargo & Company decreased their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. dropped their target price on 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. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $270.60.

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.