SYSTM Wealth Solutions LLC Sells 5,527 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

SYSTM Wealth Solutions LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 70.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,267 shares of the home improvement retailer’s stock after selling 5,527 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Lowe’s Companies were worth $500,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Tidemark LLC acquired a new position in Lowe’s Companies during the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $28,000. Transcendent Capital Group LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Stephens Consulting LLC raised its stake in Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the period. Finally, Keener Financial Planning LLC acquired a new stake in Lowe’s Companies during the 1st quarter valued at $35,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction 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 $2,334,678.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Down 0.0 %

Lowe’s Companies stock opened at $256.63 on Thursday. The stock has a market cap of $146.24 billion, a PE ratio of 20.61, a P/E/G ratio of 2.03 and a beta of 1.10. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The business’s 50-day moving average price is $242.43 and its two-hundred day moving average price is $235.09.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same period in the prior year, the company earned $4.56 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, analysts expect that Lowe’s Companies, Inc. will post 11.93 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $1.15 per share. 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 1.79%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s payout ratio is currently 36.95%.

Analyst Ratings Changes

LOW has been the topic of several research analyst reports. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Truist Financial raised their price objective on shares of Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley lifted their price target on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, August 20th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus price target of $252.83.

About Lowe’s Companies

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.