National Wealth Management Group LLC Purchases Shares of 3,150 Lowe’s Companies, Inc. $LOW

National Wealth Management Group LLC acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,150 shares of the home improvement retailer’s stock, valued at approximately $792,000.

Several other institutional investors have also recently made changes to their positions in the business. SeaBridge Investment Advisors LLC increased its position in Lowe’s Companies by 3.7% in the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock worth $2,859,000 after purchasing an additional 465 shares during the last quarter. QRG Capital Management Inc. grew its position in Lowe’s Companies by 2.6% in the second quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock worth $34,322,000 after acquiring an additional 3,947 shares in the last quarter. First Pacific Financial raised its position in Lowe’s Companies by 147.3% during the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock valued at $611,000 after purchasing an additional 1,639 shares during the period. Facet Wealth Inc. bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $558,000. Finally, Prudential Financial Inc. increased its position in shares of Lowe’s Companies by 0.7% during the 2nd quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock valued at $183,344,000 after purchasing an additional 5,820 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. HSBC dropped their price objective on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Robert W. Baird reduced their price target on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Gordon Haskett raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $325.00 price target for the company in a research note on Tuesday, January 13th. Telsey Advisory Group reduced their target price on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, Barclays raised shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price target on the stock in a research note on Wednesday, January 7th. Nineteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $283.65.

Lowe’s Companies Trading Up 0.5%

Shares of NYSE:LOW opened at $276.46 on Monday. The company has a market capitalization of $155.08 billion, a PE ratio of 22.92, a P/E/G ratio of 4.59 and a beta of 0.96. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $281.36. The business’s fifty day simple moving average is $249.28 and its 200-day simple moving average is $246.36.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.89 earnings per share. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s payout ratio is 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.