Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,178 shares of the home improvement retailer’s stock after acquiring an additional 129 shares during the period. Harbour Investments Inc.’s holdings in Lowe’s Companies were worth $2,215,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LOW. Nations Financial Group Inc. IA ADV boosted its stake in Lowe’s Companies by 9.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,329 shares of the home improvement retailer’s stock valued at $5,236,000 after acquiring an additional 1,628 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Lowe’s Companies by 5.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 10,178 shares of the home improvement retailer’s stock valued at $2,757,000 after purchasing an additional 493 shares in the last quarter. Jag Capital Management LLC raised its stake in shares of Lowe’s Companies by 2.2% in the 3rd quarter. Jag Capital Management LLC now owns 16,328 shares of the home improvement retailer’s stock valued at $4,422,000 after purchasing an additional 359 shares in the last quarter. Delta Financial Advisors LLC lifted its position in shares of Lowe’s Companies by 2.8% during the third quarter. Delta Financial Advisors LLC now owns 13,143 shares of the home improvement retailer’s stock worth $3,560,000 after purchasing an additional 354 shares during the last quarter. Finally, United Capital Management of KS Inc. grew its stake in Lowe’s Companies by 6.4% in the third quarter. United Capital Management of KS Inc. now owns 30,300 shares of the home improvement retailer’s stock worth $8,207,000 after purchasing an additional 1,833 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

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 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 $2,334,678.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’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 value of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the firm’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 transaction 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. The trade was 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.

Analyst Ratings Changes

Several analysts have issued reports on LOW shares. Wells Fargo & Company upped their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus raised their price objective on Lowe’s Companies from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Monday. Bank of America boosted their target price on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 11th. TD Cowen raised their price target 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. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $273.84.

Lowe’s Companies Stock Up 0.9 %

LOW stock opened at $272.32 on Thursday. The company has a 50-day simple moving average of $265.62 and a 200 day simple moving average of $242.85. The company has a market capitalization of $154.48 billion, a P/E ratio of 22.58, a PEG ratio of 2.22 and a beta of 1.10. Lowe’s Companies, Inc. has a fifty-two week low of $196.23 and a fifty-two week 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 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. The company had revenue of $23.59 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.56 EPS. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.93 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a dividend of $1.15 per share. This is a positive change 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 1.69%. The ex-dividend date was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.14%.

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.