Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,969 shares of the home improvement retailer’s stock after buying an additional 7,367 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Lowe’s Companies were worth $15,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Field & Main Bank lifted its stake in shares of Lowe’s Companies by 107.3% during the second quarter. Field & Main Bank now owns 114 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 59 shares during the period. Ritter Daniher Financial Advisory LLC DE raised its stake in Lowe’s Companies by 357.1% during the first quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 100 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new position in Lowe’s Companies during the second quarter worth approximately $40,000. True Wealth Design LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth $42,000. Finally, AXS Investments LLC increased its position in shares of Lowe’s Companies by 24.5% in the first quarter. AXS Investments LLC now owns 285 shares of the home improvement retailer’s stock worth $57,000 after acquiring an additional 56 shares in the last quarter. 71.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the transaction, the executive vice president now owns 46,594 shares of the company’s stock, valued at $10,368,562.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 4,500 shares of the business’s 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 sale, the executive vice president now owns 46,594 shares of the company’s stock, valued at approximately $10,368,562.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Janice Dupre sold 5,380 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $231.28, for a total transaction of $1,244,286.40. Following the completion of the sale, the executive vice president now directly owns 24,216 shares in the company, valued at approximately $5,600,676.48. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Stock Performance

Shares of LOW stock traded up $1.42 during trading on Friday, hitting $203.70. 2,217,015 shares of the company were exchanged, compared to its average volume of 2,794,460. The firm has a market capitalization of $117.56 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.36 and a beta of 1.07. The business’s 50-day simple moving average is $201.92 and its 200 day simple moving average is $213.18. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $237.21.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.07. Lowe’s Companies had a net margin of 6.48% and a negative return on equity of 58.56%. The firm had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.97 billion. During the same period in the previous year, the company earned $4.67 earnings per share. The company’s revenue was down 9.2% compared to the same quarter last year. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 13.31 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 43.31%.

Analysts Set New Price Targets

LOW has been the topic of a number of research analyst reports. Wedbush reiterated a “neutral” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, August 23rd. Morgan Stanley lifted their price objective on shares of Lowe’s Companies from $235.00 to $255.00 and gave the company an “overweight” rating in a research report on Wednesday, August 23rd. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday. Robert W. Baird raised their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, August 22nd. Finally, UBS Group lifted their price objective on shares of Lowe’s Companies from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Twelve equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $242.32.

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.