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

Noesis Capital Mangement Corp lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,843 shares of the home improvement retailer’s stock after buying an additional 1,647 shares during the period. Lowe’s Companies comprises 3.4% of Noesis Capital Mangement Corp’s portfolio, making the stock its 9th largest 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.

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

Wall Street Analyst Weigh In

LOW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a report on Wednesday, August 21st. Mizuho increased their price objective on shares of Lowe’s Companies from $280.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. TD Cowen lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Melius Research initiated coverage on shares of Lowe’s Companies in a research note on Monday, September 23rd. They set a “buy” rating and a $290.00 target price for the company. Finally, Truist Financial raised their price target on Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $277.92.

Lowe’s Companies Stock Down 0.5 %

Shares of Lowe’s Companies stock opened at $273.14 on Thursday. The company has a market capitalization of $154.95 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.31 and a beta of 1.10. The stock’s 50-day simple moving average is $269.80 and its 200-day simple moving average is $245.66. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a $1.15 dividend. The ex-dividend date was Wednesday, October 23rd. 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 yield of 1.68%. Lowe’s Companies’s payout ratio is currently 38.37%.

Insider Buying and Selling

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % 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 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 completion of the sale, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This trade 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.

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.