Mattson Financial Services LLC Sells 56 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Mattson Financial Services LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,904 shares of the home improvement retailer’s stock after selling 56 shares during the quarter. Mattson Financial Services LLC’s holdings in Lowe’s Companies were worth $2,412,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. 1832 Asset Management L.P. lifted its position in 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 acquiring an additional 232 shares in the last quarter. MGO One Seven LLC lifted its position in Lowe’s Companies by 42.2% in the 4th quarter. MGO One Seven LLC now owns 17,428 shares of the home improvement retailer’s stock valued at $3,879,000 after acquiring an additional 5,172 shares in the last quarter. Rench Wealth Management Inc. bought a new position in Lowe’s Companies in the 4th quarter valued at approximately $466,000. Vista Investment Management lifted its position in Lowe’s Companies by 2.4% in the 4th quarter. Vista Investment Management now owns 11,586 shares of the home improvement retailer’s stock valued at $2,579,000 after acquiring an additional 271 shares in the last quarter. Finally, Ethic Inc. lifted its position in Lowe’s Companies by 1.1% in the 4th quarter. Ethic Inc. now owns 34,827 shares of the home improvement retailer’s stock valued at $7,751,000 after acquiring an additional 390 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $273.27 on Wednesday. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $274.26. The firm has a market capitalization of $155.72 billion, a PE ratio of 21.95, a PEG ratio of 2.15 and a beta of 1.10. The stock has a fifty day simple moving average of $250.19 and a two-hundred day simple moving average of $237.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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 business had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter in the prior year, the firm earned $4.56 EPS. The business’s revenue was down 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, October 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is 36.95%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the 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 transaction, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were 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 of the company’s stock, valued at approximately $3,586,940.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LOW. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. UBS Group increased their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Telsey Advisory Group increased their price target on Lowe’s Companies from $230.00 to $275.00 and gave the company a “market perform” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $263.54.

Lowe’s Companies Company 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.