International Assets Investment Management LLC Increases Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

by · The Cerbat Gem

International Assets Investment Management LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 1,889.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,134,969 shares of the home improvement retailer’s stock after acquiring an additional 2,027,668 shares during the quarter. International Assets Investment Management LLC owned 0.37% of Lowe’s Companies worth $578,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LOW. McAdam LLC boosted its stake in shares of Lowe’s Companies by 3.6% in the 3rd quarter. McAdam LLC now owns 1,457 shares of the home improvement retailer’s stock valued at $395,000 after buying an additional 51 shares during the period. MFA Wealth Advisors LLC boosted its stake in shares of Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the period. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Lowe’s Companies by 0.6% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 19,564 shares of the home improvement retailer’s stock valued at $5,299,000 after buying an additional 119 shares during the period. Iron Horse Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 40.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 315 shares of the home improvement retailer’s stock valued at $85,000 after buying an additional 90 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Lowe’s Companies by 201.4% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,389 shares of the home improvement retailer’s stock valued at $2,544,000 after buying an additional 6,274 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $270.11 on Thursday. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $287.01. The business has a 50 day simple moving average of $259.66 and a 200-day simple moving average of $239.47. The stock has a market capitalization of $153.92 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same quarter in the prior year, the business earned $4.56 earnings per share. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio (DPR) is presently 36.95%.

Insider Activity at Lowe’s Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of several recent research reports. Melius Research initiated coverage on Lowe’s Companies in a research note on Monday, September 23rd. They issued a “buy” rating and a $290.00 price objective for the company. Royal Bank of Canada decreased their price objective on Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 21st. UBS Group boosted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Evercore ISI boosted their target price on Lowe’s Companies from $225.00 to $250.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. decreased their target price on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $270.60.

View Our Latest Analysis on LOW

Lowe’s Companies Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW – Free Report).