Financial Partners Group LLC Trims Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Financial Partners Group LLC decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.1% during the third quarter, HoldingsChannel.com reports. The firm owned 6,261 shares of the home improvement retailer’s stock after selling 702 shares during the period. Financial Partners Group LLC’s holdings in Lowe’s Companies were worth $1,696,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LOW. Wealthcare Advisory Partners LLC raised its holdings in shares of Lowe’s Companies by 26.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,029 shares of the home improvement retailer’s stock valued at $2,045,000 after buying an additional 1,697 shares in the last quarter. Thrive Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 14.4% in the 1st quarter. Thrive Wealth Management LLC now owns 1,302 shares of the home improvement retailer’s stock valued at $332,000 after purchasing an additional 164 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Lowe’s Companies in the first quarter worth $239,000. Register Financial Advisors LLC bought a new position in Lowe’s Companies in the first quarter worth $62,000. Finally, Sawyer & Company Inc lifted its position in Lowe’s Companies by 9.3% during the first quarter. Sawyer & Company Inc now owns 4,447 shares of the home improvement retailer’s stock valued at $1,133,000 after buying an additional 377 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 in the company, valued at $3,586,940.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Up 0.5 %

Shares of LOW opened at $271.36 on Friday. The firm has a market cap of $154.63 billion, a PE ratio of 21.80, a P/E/G ratio of 2.28 and a beta of 1.10. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $287.01. The firm has a fifty day simple moving average of $259.66 and a two-hundred day simple moving average of $239.47.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. The company 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 firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.56 earnings per share. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 11.91 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared 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. 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 dividend yield of 1.70%. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LOW shares. Truist Financial upped their target price on shares of Lowe’s Companies from $269.00 to $306.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Wednesday, August 21st. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Royal Bank of Canada cut their price target on Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 21st. Finally, Sanford C. Bernstein assumed coverage on Lowe’s Companies in a research report on Tuesday. They set an “outperform” rating and a $323.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $270.60.

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.