Certified Advisory Corp Reduces Position in Lowe’s Companies, Inc. (NYSE:LOW)

Certified Advisory Corp lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,580 shares of the home improvement retailer’s stock after selling 182 shares during the quarter. Certified Advisory Corp’s holdings in Lowe’s Companies were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LOW. 9258 Wealth Management LLC increased its stake in Lowe’s Companies by 24.8% in the fourth quarter. 9258 Wealth Management LLC now owns 2,387 shares of the home improvement retailer’s stock valued at $531,000 after purchasing an additional 474 shares during the period. Gryphon Financial Partners LLC increased its position in Lowe’s Companies by 10.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock valued at $315,000 after acquiring an additional 138 shares during the period. TrinityPoint Wealth LLC raised its stake in Lowe’s Companies by 1.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 6,887 shares of the home improvement retailer’s stock valued at $1,533,000 after acquiring an additional 101 shares during the last quarter. Congress Wealth Management LLC DE raised its stake in Lowe’s Companies by 14.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 15,361 shares of the home improvement retailer’s stock valued at $3,419,000 after acquiring an additional 1,882 shares during the last quarter. Finally, Evermay Wealth Management LLC lifted its position in Lowe’s Companies by 24.5% during the 4th quarter. Evermay Wealth Management LLC now owns 1,617 shares of the home improvement retailer’s stock worth $360,000 after acquiring an additional 318 shares during the period. 74.06% of the stock is 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 on 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 completion of the sale, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of a number of recent research reports. UBS Group upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Evercore ISI raised their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 21st. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, August 21st. Royal Bank of Canada cut their price target on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. lowered their price objective 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 equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $255.00.

Lowe’s Companies Stock Up 0.8 %

LOW opened at $262.29 on Tuesday. The firm has a market cap of $149.46 billion, a P/E ratio of 21.07, a PEG ratio of 2.03 and a beta of 1.10. The business’s fifty day simple moving average is $244.18 and its 200 day simple moving average is $235.47. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.14. The company had revenue of $23.59 billion for the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $4.56 EPS. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, October 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.75%. Lowe’s Companies’s payout ratio is 36.95%.

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.