Moody Aldrich Partners LLC Lowers Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Moody Aldrich Partners LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,141 shares of the home improvement retailer’s stock after selling 169 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Lowe’s Companies were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Lowe’s Companies by 176.8% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,305 shares of the home improvement retailer’s stock valued at $1,166,000 after purchasing an additional 2,750 shares in the last quarter. Impact Partnership Wealth LLC purchased a new stake in Lowe’s Companies during the third quarter worth $237,000. Greystone Financial Group LLC boosted its position in Lowe’s Companies by 12.5% during the 3rd quarter. Greystone Financial Group LLC now owns 48,460 shares of the home improvement retailer’s stock valued at $13,126,000 after acquiring an additional 5,371 shares in the last quarter. Great Lakes Retirement Inc. increased its holdings in shares of Lowe’s Companies by 1.8% in the 3rd quarter. Great Lakes Retirement Inc. now owns 7,994 shares of the home improvement retailer’s stock valued at $2,165,000 after acquiring an additional 139 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Lowe’s Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock worth $578,256,000 after acquiring an additional 2,027,668 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Up 0.5 %

Shares of NYSE:LOW opened at $271.36 on Friday. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $287.01. The business has a 50 day moving average of $259.66 and a two-hundred day moving average of $239.47. The company has a market capitalization of $154.63 billion, a PE ratio of 21.80, a PEG ratio of 2.28 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results 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 net margin of 8.25% and a negative return on equity of 47.07%. The company had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same quarter last year, the business earned $4.56 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $1.15 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.70%. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

Insiders Place Their Bets

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction that occurred 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the 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 transaction, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on LOW. Wells Fargo & Company cut their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Sanford C. Bernstein initiated coverage on shares of Lowe’s Companies in a research note on Tuesday. They set an “outperform” rating and a $323.00 price objective for the company. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and upped their price target for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their price objective on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Eleven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $270.60.

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.