Linscomb Wealth Inc. Purchases 2,458 Shares of Lowe’s Companies, Inc. $LOW

Linscomb Wealth Inc. raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.1% in the third quarter, HoldingsChannel reports. The firm owned 19,893 shares of the home improvement retailer’s stock after buying an additional 2,458 shares during the quarter. Linscomb Wealth Inc.’s holdings in Lowe’s Companies were worth $4,999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LOW. Howard Hughes Medical Institute purchased a new position in shares of Lowe’s Companies in the 2nd quarter valued at approximately $27,000. Solstein Capital LLC grew its stake in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the period. Activest Wealth Management raised its holdings in Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Traub Capital Management LLC bought a new position in Lowe’s Companies in the second quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC lifted its position in Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several research reports. Jefferies Financial Group boosted their price objective on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Mizuho dropped their price target on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Robert W. Baird cut their price target on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. HSBC lowered their price objective on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Finally, Argus cut their target price on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $284.81.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the transaction, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Up 0.3%

Shares of NYSE LOW opened at $275.79 on Thursday. The firm has a 50 day moving average of $255.88 and a 200 day moving average of $249.04. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $281.36. The firm has a market capitalization of $154.70 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 4.30 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The firm had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same period in the prior year, the company posted $2.89 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.80%.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.