Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Transform Wealth LLC

Transform Wealth LLC reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,361 shares of the home improvement retailer’s stock after selling 393 shares during the quarter. Transform Wealth LLC’s holdings in Lowe’s Companies were worth $3,032,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Mutual Advisors LLC raised its stake in Lowe’s Companies by 1.3% during the 4th quarter. Mutual Advisors LLC now owns 9,982 shares of the home improvement retailer’s stock valued at $2,580,000 after acquiring an additional 124 shares during the last quarter. Rowland & Co. Investment Counsel ADV purchased a new stake in Lowe’s Companies during the 4th quarter valued at approximately $200,000. Mmbg Investment Advisors CO. purchased a new stake in Lowe’s Companies during the 4th quarter valued at approximately $205,000. ETF Managers Group LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at approximately $925,000. Finally, Partners Capital Investment Group LLP raised its stake in Lowe’s Companies by 264.6% during the 4th quarter. Partners Capital Investment Group LLP now owns 61,026 shares of the home improvement retailer’s stock valued at $15,774,000 after acquiring an additional 44,289 shares during the last quarter. 74.04% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

NYSE:LOW traded down $1.61 during trading hours on Friday, reaching $186.51. 100,268 shares of the company traded hands, compared to its average volume of 3,715,737. The firm’s 50-day moving average is $198.00 and its 200-day moving average is $197.74. The stock has a market cap of $115.77 billion, a P/E ratio of 14.82, a P/E/G ratio of 1.06 and a beta of 1.22. Lowe’s Companies, Inc. has a 1-year low of $170.12 and a 1-year high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last announced its earnings results on Wednesday, August 17th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.04. Lowe’s Companies had a negative return on equity of 155.26% and a net margin of 8.83%. The firm had revenue of $27.48 billion for the quarter, compared to analysts’ expectations of $28.16 billion. During the same quarter in the prior year, the firm earned $4.25 EPS. Lowe’s Companies’s quarterly revenue was down .3% on a year-over-year basis. As a group, research analysts predict that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, October 18th. Lowe’s Companies’s dividend payout ratio (DPR) is 33.10%.

Wall Street Analyst Weigh In

LOW has been the subject of several analyst reports. Morgan Stanley reduced their price objective on Lowe’s Companies from $280.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. The Goldman Sachs Group increased their target price on Lowe’s Companies from $224.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. JPMorgan Chase & Co. cut their target price on Lowe’s Companies from $230.00 to $210.00 and set a “neutral” rating for the company in a research note on Tuesday, August 9th. Jefferies Financial Group increased their target price on Lowe’s Companies from $238.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Finally, UBS Group increased their target price on Lowe’s Companies from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $244.05.

Insider Transactions at Lowe’s Companies

In other news, EVP Seemantini Godbole sold 11,761 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $214.37, for a total transaction of $2,521,205.57. Following the sale, the executive vice president now owns 26,575 shares in the company, valued at $5,696,882.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

About Lowe’s Companies

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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