Blake Schutter Theil Wealth Advisors LLC Acquires New Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,440 shares of the home improvement retailer’s stock, valued at approximately $661,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisory Alpha LLC lifted its holdings in Lowe’s Companies by 3.6% during the 1st quarter. Advisory Alpha LLC now owns 3,600 shares of the home improvement retailer’s stock worth $917,000 after buying an additional 126 shares in the last quarter. Empirical Finance LLC grew its stake in Lowe’s Companies by 3.1% during the 1st quarter. Empirical Finance LLC now owns 22,826 shares of the home improvement retailer’s stock worth $5,814,000 after purchasing an additional 688 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Lowe’s Companies by 20.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 62,964 shares of the home improvement retailer’s stock worth $16,039,000 after purchasing an additional 10,802 shares during the period. Metis Global Partners LLC boosted its stake in shares of Lowe’s Companies by 0.8% in the 1st quarter. Metis Global Partners LLC now owns 27,256 shares of the home improvement retailer’s stock valued at $6,943,000 after buying an additional 205 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Lowe’s Companies by 110.8% during the first quarter. SG Americas Securities LLC now owns 74,600 shares of the home improvement retailer’s stock worth $19,003,000 after buying an additional 39,212 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LOW. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. TD Cowen raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Royal Bank of Canada lowered their price objective on 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. JPMorgan Chase & Co. cut their target price on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Finally, Morgan Stanley upped their price target on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” 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. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $272.20.

Insider Activity

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the 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 transaction, the chief accounting officer now directly owns 9,383 shares of the company’s stock, 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 accessible through 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 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 directly owns 13,214 shares in the company, valued at $3,586,940.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $261.66 on Thursday. The firm has a market cap of $148.44 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10. The firm’s fifty day moving average price is $263.77 and its 200 day moving average price is $241.67. Lowe’s Companies, Inc. has a 1-year low of $189.05 and a 1-year high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.14. The business had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.56 earnings per share. As a group, analysts expect that Lowe’s Companies, Inc. will post 11.91 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio is 38.14%.

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.