AE Wealth Management LLC Grows Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

AE Wealth Management LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 43.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,835 shares of the home improvement retailer’s stock after buying an additional 9,372 shares during the period. AE Wealth Management LLC’s holdings in Lowe’s Companies were worth $3,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in LOW. Lcnb Corp lifted its position in shares of Lowe’s Companies by 0.9% in the 2nd quarter. Lcnb Corp now owns 10,534 shares of the home improvement retailer’s stock worth $1,063,000 after purchasing an additional 99 shares during the period. Peoples Financial Services CORP. lifted its position in Lowe’s Companies by 5.2% during the second quarter. Peoples Financial Services CORP. now owns 2,025 shares of the home improvement retailer’s stock valued at $204,000 after acquiring an additional 100 shares during the last quarter. Bailard Inc. lifted its position in Lowe’s Companies by 3.6% during the second quarter. Bailard Inc. now owns 2,864 shares of the home improvement retailer’s stock valued at $289,000 after acquiring an additional 100 shares during the last quarter. Rudd International Inc. lifted its position in Lowe’s Companies by 0.4% during the third quarter. Rudd International Inc. now owns 24,367 shares of the home improvement retailer’s stock valued at $2,679,000 after acquiring an additional 100 shares during the last quarter. Finally, Rothschild Investment Corp IL lifted its position in Lowe’s Companies by 0.4% during the third quarter. Rothschild Investment Corp IL now owns 24,150 shares of the home improvement retailer’s stock valued at $2,656,000 after acquiring an additional 100 shares during the last quarter. 76.42% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the stock. Telsey Advisory Group increased their target price on shares of Lowe’s Companies from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Wolfe Research cut shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 target price for the company. in a research report on Tuesday, October 8th. Morgan Stanley increased their target price on shares of Lowe’s Companies from $123.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. KeyCorp reissued an “overweight” rating and set a $125.00 target price (up previously from $120.00) on shares of Lowe’s Companies in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group set a $125.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Monday, August 26th. Six research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $123.20.

In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the transaction, the executive vice president now owns 17,440 shares in the company, valued at approximately $1,964,092.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew V. Hollifield sold 12,136 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the transaction, the chief accounting officer now owns 28,017 shares in the company, valued at approximately $3,147,429.78. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

Shares of Lowe’s Companies stock opened at $114.32 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. Lowe’s Companies, Inc. has a 12-month low of $84.75 and a 12-month high of $118.23. The firm has a market capitalization of $87.99 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.50 and a beta of 1.29. The firm’s 50 day simple moving average is $110.88 and its two-hundred day simple moving average is $105.71.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The business had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same quarter in the prior year, the business posted $2.07 EPS. Lowe’s Companies’s revenue for the quarter was up .5% compared to the same quarter last year. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 5.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, January 21st. This represents a $2.20 dividend on an annualized basis and a yield of 1.92%. Lowe’s Companies’s payout ratio is 42.80%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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