Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,682 shares of the home improvement retailer’s stock after selling 482 shares during the period. Lowe’s Companies accounts for approximately 1.6% of Butensky & Cohen Financial Security Inc.’s portfolio, making the stock its 16th biggest holding. Butensky & Cohen Financial Security Inc.’s holdings in Lowe’s Companies were worth $4,442,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Lowe’s Companies by 357.1% in the first quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Tanglewood Legacy Advisors LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $30,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $31,000. Ruedi Wealth Management Inc. acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $32,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 71.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. DA Davidson boosted their target price on Lowe’s Companies from $228.00 to $237.00 in a report on Wednesday, May 24th. Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 target price (up previously from $225.00) on shares of Lowe’s Companies in a report on Tuesday, August 22nd. Loop Capital boosted their target price on Lowe’s Companies from $215.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, August 23rd. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, UBS Group lifted their price target on Lowe’s Companies from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $237.48.

Lowe’s Companies Stock Up 0.1 %

Shares of NYSE:LOW opened at $220.33 on Monday. Lowe’s Companies, Inc. has a 52-week low of $176.50 and a 52-week high of $237.21. The stock’s fifty day simple moving average is $227.93 and its 200-day simple moving average is $213.68. The company has a market capitalization of $127.16 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.49 and a beta of 1.09.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.07. Lowe’s Companies had a negative return on equity of 58.56% and a net margin of 6.48%. The business had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.97 billion. During the same period in the prior year, the business earned $4.67 earnings per share. The business’s revenue was down 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 13.46 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $4.40 annualized dividend and a dividend yield of 2.00%. Lowe’s Companies’s dividend payout ratio is currently 43.31%.

Insider Activity

In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $222.53, for a total value of $1,001,385.00. Following the completion of the transaction, the executive vice president now directly owns 46,594 shares in the company, valued at $10,368,562.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Janice Dupre sold 5,380 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $231.28, for a total value of $1,244,286.40. Following the completion of the transaction, the executive vice president now directly owns 24,216 shares in the company, valued at $5,600,676.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph Michael Mcfarland sold 4,500 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $222.53, for a total value of $1,001,385.00. Following the completion of the transaction, the executive vice president now owns 46,594 shares of the company’s stock, valued at $10,368,562.82. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

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.