Indiana Trust & Investment Management Co Sells 373 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Indiana Trust & Investment Management Co trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,493 shares of the home improvement retailer’s stock after selling 373 shares during the quarter. Lowe’s Companies accounts for approximately 1.1% of Indiana Trust & Investment Management Co’s holdings, making the stock its 18th biggest holding. Indiana Trust & Investment Management Co’s holdings in Lowe’s Companies were worth $3,113,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Stephens Consulting LLC boosted its holdings in shares of Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the period. Keener Financial Planning LLC purchased a new position in Lowe’s Companies during the first quarter worth $35,000. Kimelman & Baird LLC purchased a new stake in shares of Lowe’s Companies in the second quarter valued at $37,000. Tsfg LLC boosted its stake in shares of Lowe’s Companies by 128.2% during the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 100 shares during the period. Finally, Lynx Investment Advisory bought a new position in Lowe’s Companies during the 2nd quarter valued at about $49,000. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented 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. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Wednesday, August 21st. Morgan Stanley lifted their target price on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Melius Research assumed coverage on shares of Lowe’s Companies in a research note on Monday, September 23rd. They issued a “buy” rating and a $290.00 price target on the stock. Finally, UBS Group boosted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $268.42.

Lowe’s Companies Stock Up 0.1 %

Shares of LOW stock traded up $0.38 on Wednesday, hitting $282.21. The company had a trading volume of 614,914 shares, compared to its average volume of 2,451,615. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $287.01. The firm has a market cap of $160.81 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The company has a 50-day moving average price of $254.51 and a 200-day moving average price of $237.96.

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 expect that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is currently 36.95%.

Insider Buying and Selling at Lowe’s Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly 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 stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $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 owned by insiders.

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.