Cwm LLC lower its holdings in shares of Lowe’s Corporations, Inc. (NYSE:LOW – Free Report) by 2.2% within the third quarter, HoldingsChannel experiences. The fund owned 50,404 shares of the house enchancment retailer’s inventory after promoting 1,153 shares throughout the interval. Cwm LLC’s holdings in Lowe’s Corporations have been value $13,652,000 as of its most up-to-date SEC submitting.
Different institutional buyers and hedge funds additionally just lately made adjustments to their positions within the firm. Peddock Capital Advisors LLC boosted its stake in Lowe’s Corporations by 1.6% throughout the third quarter. Peddock Capital Advisors LLC now owns 10,728 shares of the house enchancment retailer’s inventory valued at $2,906,000 after buying a further 168 shares over the past quarter. Tilia Fiduciary Companions Inc. lifted its holdings in shares of Lowe’s Corporations by 2.8% within the third quarter. Tilia Fiduciary Companions Inc. now owns 10,336 shares of the house enchancment retailer’s inventory valued at $2,799,000 after buying a further 280 shares within the final quarter. True North Advisors LLC bought a brand new place in shares of Lowe’s Corporations throughout the third quarter valued at roughly $334,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in Lowe’s Corporations by 16.7% throughout the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,952 shares of the house enchancment retailer’s inventory value $800,000 after shopping for a further 423 shares within the final quarter. Lastly, Future Monetary Wealth Managment LLC bought a brand new stake in Lowe’s Corporations within the third quarter valued at $83,000. Institutional buyers and hedge funds personal 74.06% of the corporate’s inventory.
Wall Road Analysts Forecast Progress
Numerous equities analysts have issued experiences on the inventory. Morgan Stanley lifted their worth goal on shares of Lowe’s Corporations from $250.00 to $255.00 and gave the inventory an “obese” score in a report on Wednesday, August twenty first. Royal Financial institution of Canada lower their worth goal on shares of Lowe’s Corporations from $245.00 to $238.00 and set a “sector carry out” score on the inventory in a report on Wednesday, August twenty first. Piper Sandler elevated their worth goal on shares of Lowe’s Corporations from $262.00 to $307.00 and gave the corporate an “obese” score in a analysis be aware on Monday, September thirtieth. Loop Capital upgraded Lowe’s Corporations from a “maintain” score to a “purchase” score and boosted their goal worth for the inventory from $250.00 to $300.00 in a analysis be aware on Wednesday. Lastly, Telsey Advisory Group upped their goal worth on Lowe’s Corporations from $230.00 to $275.00 and gave the corporate a “market carry out” score in a report on Wednesday, October 2nd. Eleven analysts have rated the inventory with a maintain score and fourteen have assigned a purchase score to the corporate. Based mostly on knowledge from MarketBeat, the inventory presently has a consensus score of “Average Purchase” and a consensus goal worth of $266.88.
Examine Out Our Newest Evaluation on LOW
Insiders Place Their Bets
In different Lowe’s Corporations information, EVP Margrethe R. Vagell bought 5,730 shares of the corporate’s inventory in a transaction dated Wednesday, October 2nd. The inventory was bought at a mean worth of $271.45, for a complete worth of $1,555,408.50. Following the transaction, the manager vice chairman now straight owns 13,214 shares within the firm, valued at $3,586,940.30. This represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is offered by way of this hyperlink. In associated information, EVP Margrethe R. Vagell bought 5,730 shares of the inventory in a transaction on Wednesday, October 2nd. The inventory was bought at a mean worth of $271.45, for a complete worth of $1,555,408.50. Following the transaction, the manager vice chairman now owns 13,214 shares of the corporate’s inventory, valued at $3,586,940.30. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is offered by way of the SEC web site. Additionally, CAO Dan Clayton Griggs, Jr. bought 6,769 shares of the agency’s inventory in a transaction dated Thursday, September twelfth. The shares have been bought at a mean worth of $248.82, for a complete worth of $1,684,262.58. Following the transaction, the chief accounting officer now straight owns 9,383 shares within the firm, valued at roughly $2,334,678.06. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. Company insiders personal 0.26% of the corporate’s inventory.
Lowe’s Corporations Value Efficiency
Lowe’s Corporations inventory opened at $275.73 on Friday. The agency has a market capitalization of $157.12 billion, a P/E ratio of twenty-two.15, a PEG ratio of two.28 and a beta of 1.10. Lowe’s Corporations, Inc. has a one yr low of $181.85 and a one yr excessive of $278.10. The enterprise has a fifty day transferring common worth of $252.80 and a 200-day transferring common worth of $237.79.
Lowe’s Corporations (NYSE:LOW – Get Free Report) final posted its earnings outcomes on Tuesday, August twentieth. The house enchancment retailer reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Corporations had a destructive return on fairness of 47.07% and a web margin of 8.25%. The enterprise had income of $23.59 billion throughout the quarter, in comparison with analyst estimates of $23.93 billion. Throughout the identical quarter within the earlier yr, the agency earned $4.56 EPS. The corporate’s quarterly income was down 5.5% in comparison with the identical quarter final yr. Promote-side analysts count on that Lowe’s Corporations, Inc. will submit 11.91 earnings per share for the present fiscal yr.
Lowe’s Corporations Will increase Dividend
The corporate additionally just lately introduced a quarterly dividend, which will likely be paid on Wednesday, November sixth. Traders of report on Wednesday, October twenty third will likely be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized foundation and a yield of 1.67%. The ex-dividend date is Wednesday, October twenty third. This can be a optimistic change from Lowe’s Corporations’s earlier quarterly dividend of $0.15. Lowe’s Corporations’s dividend payout ratio is 36.95%.
Lowe’s Corporations Firm Profile
Lowe’s Corporations, Inc, along with its subsidiaries, operates as a house enchancment retailer in the US. The corporate affords a line of merchandise for building, upkeep, restore, transforming, and adorning. It additionally gives dwelling enchancment merchandise, corresponding to home equipment, seasonal and outside dwelling, garden and backyard, lumber, kitchens and bathtub, instruments, paint, millwork, {hardware}, flooring, tough plumbing, constructing supplies, décor, and electrical.
Featured Tales
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