Clean Yield Group Has $433,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Clean Yield Group lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,599 shares of the home improvement retailer’s stock after buying an additional 38 shares during the period. Clean Yield Group’s holdings in Lowe’s Companies were worth $433,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. 1832 Asset Management L.P. grew its position in shares of Lowe’s Companies by 107.9% in the 4th quarter. 1832 Asset Management L.P. now owns 447 shares of the home improvement retailer’s stock valued at $99,000 after purchasing an additional 232 shares during the period. Waterloo Capital L.P. bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $235,000. XML Financial LLC boosted its holdings in shares of Lowe’s Companies by 44.3% in the fourth quarter. XML Financial LLC now owns 3,999 shares of the home improvement retailer’s stock valued at $890,000 after buying an additional 1,227 shares during the period. MGO One Seven LLC increased its position in shares of Lowe’s Companies by 42.2% during the fourth quarter. MGO One Seven LLC now owns 17,428 shares of the home improvement retailer’s stock worth $3,879,000 after acquiring an additional 5,172 shares in the last quarter. Finally, Greystone Financial Group LLC raised its holdings in shares of Lowe’s Companies by 11.1% during the fourth quarter. Greystone Financial Group LLC now owns 35,807 shares of the home improvement retailer’s stock worth $7,969,000 after acquiring an additional 3,564 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 1.2 %

Shares of NYSE:LOW traded up $3.17 on Tuesday, hitting $271.71. The company had a trading volume of 180,724 shares, compared to its average volume of 2,465,114. The stock has a market cap of $154.83 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 2.15 and a beta of 1.10. The stock has a 50 day moving average price of $249.61 and a 200 day moving average price of $236.95. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $274.16.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The business had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. Lowe’s Companies’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.56 EPS. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.93 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 36.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LOW. Loop Capital upped their target price on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Piper Sandler boosted their price target on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. TD Cowen increased their price objective on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a report on Thursday, September 19th. Evercore ISI lifted their target price on Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a research report on Wednesday, August 21st. Finally, Bank of America reduced their price target on Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Twelve equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $263.54.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

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.