Twelve Points Wealth Management LLC Acquires New Shares in Lowe’s Companies, Inc. (NYSE:LOW)

Twelve Points Wealth Management LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 848 shares of the home improvement retailer’s stock, valued at approximately $230,000.

Several other hedge funds have also recently bought and sold shares of LOW. Wedmont Private Capital increased its stake in Lowe’s Companies by 6.0% in the 1st quarter. Wedmont Private Capital now owns 5,622 shares of the home improvement retailer’s stock valued at $1,374,000 after purchasing an additional 317 shares in the last quarter. Park Avenue Securities LLC increased its stake in Lowe’s Companies by 8.9% in the 1st quarter. Park Avenue Securities LLC now owns 11,948 shares of the home improvement retailer’s stock valued at $3,043,000 after purchasing an additional 980 shares in the last quarter. Marcum Wealth LLC increased its stake in Lowe’s Companies by 12.2% in the 1st quarter. Marcum Wealth LLC now owns 2,038 shares of the home improvement retailer’s stock valued at $519,000 after purchasing an additional 222 shares in the last quarter. Allied Investment Advisors LLC increased its stake in Lowe’s Companies by 1.9% in the 1st quarter. Allied Investment Advisors LLC now owns 51,207 shares of the home improvement retailer’s stock valued at $13,044,000 after purchasing an additional 973 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its holdings in Lowe’s Companies by 0.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 48,339 shares of the home improvement retailer’s stock valued at $12,313,000 after buying an additional 209 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and increased their target price for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. TD Cowen increased their target price on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a report on Thursday, September 19th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Melius Research assumed coverage on Lowe’s Companies in a report on Monday, September 23rd. They set a “buy” rating and a $290.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 21st. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $268.42.

Insider Transactions at Lowe’s Companies

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies 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 sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction dated 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 sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $281.31 on Friday. The business’s 50-day moving average is $256.46 and its two-hundred day moving average is $238.58. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $287.01. The firm has a market capitalization of $160.30 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating the consensus estimate 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 period last year, the company posted $4.56 earnings per share. The firm’s revenue was down 5.5% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.64%. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.

Lowe’s Companies 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.