Orion Portfolio Solutions LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,761 shares of the home improvement retailer’s stock after buying an additional 331 shares during the period. Orion Portfolio Solutions LLC’s holdings in Lowe’s Companies were worth $1,530,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Personal Capital Advisors Corp lifted its holdings in Lowe’s Companies by 0.6% in the first quarter. Personal Capital Advisors Corp now owns 167,111 shares of the home improvement retailer’s stock worth $33,788,000 after purchasing an additional 931 shares during the period. CX Institutional increased its stake in shares of Lowe’s Companies by 10.1% during the first quarter. CX Institutional now owns 2,315 shares of the home improvement retailer’s stock valued at $468,000 after acquiring an additional 212 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Lowe’s Companies by 10.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 32,253 shares of the home improvement retailer’s stock valued at $6,521,000 after acquiring an additional 3,147 shares during the period. Simplicity Wealth LLC bought a new stake in Lowe’s Companies during the first quarter worth approximately $1,021,000. Finally, Pure Financial Advisors LLC acquired a new stake in Lowe’s Companies in the first quarter worth approximately $328,000. 74.04% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Lowe’s Companies news, EVP Seemantini Godbole sold 11,761 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $214.37, for a total value of $2,521,205.57. Following the completion of the sale, the executive vice president now owns 26,575 shares of the company’s stock, valued at $5,696,882.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.
Lowe’s Companies Price Performance
Lowe’s Companies (NYSE:LOW – Get Rating) last released its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.04. The firm had revenue of $27.48 billion during the quarter, compared to analysts’ expectations of $28.16 billion. Lowe’s Companies had a negative return on equity of 155.26% and a net margin of 8.83%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $4.25 earnings per share. Equities research analysts expect that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current fiscal year.
Lowe’s Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, October 18th. Lowe’s Companies’s payout ratio is presently 33.10%.
Wall Street Analyst Weigh In
LOW has been the topic of a number of research reports. Wedbush boosted their price objective on Lowe’s Companies from $200.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, August 18th. Citigroup upped their price target on shares of Lowe’s Companies to $217.00 in a report on Monday, August 22nd. Truist Financial lifted their price objective on shares of Lowe’s Companies from $237.00 to $263.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. DA Davidson increased their target price on shares of Lowe’s Companies from $225.00 to $247.00 in a research note on Thursday, August 18th. Finally, TheStreet upgraded shares of Lowe’s Companies from a “c+” rating to a “b” rating in a report on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $244.05.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.
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