Red Spruce Capital LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 900 shares of the home improvement retailer’s stock, valued at approximately $203,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Private Asset Management Inc. acquired a new stake in shares of Lowe’s Companies during the second quarter worth approximately $201,000. Park National Corp OH grew its holdings in Lowe’s Companies by 3.9% during the 2nd quarter. Park National Corp OH now owns 6,582 shares of the home improvement retailer’s stock worth $1,486,000 after acquiring an additional 245 shares in the last quarter. Duality Advisers LP raised its stake in shares of Lowe’s Companies by 0.9% in the 1st quarter. Duality Advisers LP now owns 26,798 shares of the home improvement retailer’s stock valued at $5,359,000 after purchasing an additional 246 shares in the last quarter. Narus Financial Partners LLC bought a new position in shares of Lowe’s Companies during the first quarter worth about $252,000. Finally, Triton Wealth Management PLLC grew its stake in Lowe’s Companies by 6.7% in the first quarter. Triton Wealth Management PLLC now owns 2,377 shares of the home improvement retailer’s stock worth $507,000 after purchasing an additional 150 shares in the last quarter. 71.88% of the stock is owned by hedge funds and other institutional investors.
In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 4,500 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the sale, the executive vice president now owns 46,594 shares in the company, valued at approximately $10,368,562.82. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Janice Dupre sold 5,380 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $231.28, for a total value of $1,244,286.40. Following the completion of the sale, the executive vice president now owns 24,216 shares in the company, valued at $5,600,676.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph Michael Mcfarland sold 4,500 shares of Lowe’s Companies stock in a transaction on Monday, August 28th. The shares were sold at an average price of $222.53, for a total value of $1,001,385.00. Following the transaction, the executive vice president now owns 46,594 shares in the company, valued at approximately $10,368,562.82. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Lowe’s Companies Stock Performance
NYSE LOW traded up $0.82 on Thursday, reaching $229.64. The company’s stock had a trading volume of 489,698 shares, compared to its average volume of 2,781,564. The firm’s 50 day moving average is $227.72 and its two-hundred day moving average is $213.15. The stock has a market cap of $132.53 billion, a PE ratio of 22.52, a PEG ratio of 1.52 and a beta of 1.09. Lowe’s Companies, Inc. has a twelve month low of $176.50 and a twelve month high of $237.21.
Lowe’s Companies (NYSE:LOW – Get Free Report) last issued its earnings results on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.07. The firm had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.97 billion. Lowe’s Companies had a net margin of 6.48% and a negative return on equity of 58.56%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period last year, the firm posted $4.67 earnings per share. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 13.45 EPS for the current fiscal year.
Lowe’s Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 43.31%.
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.
- Five stocks we like better than Lowe’s Companies
- What are stock market earnings reports?
- WeWork Stock Soars: Meme Stock Madness or Mirage?
- CD Calculator: Certificate of Deposit Calculator
- Shutterstock is the Value Stock they don’t want you to know about
- 3 REITs to Buy and Hold for the Long Term
- 3 Low-Cost ETFs That Are Crushing SPY
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.