B. Metzler seel. Sohn & Co. Holding AG Invests $16.66 Million in Lowe's Companies, Inc. (NYSE:LOW)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 61,496 shares of the home improvement retailer's stock, valued at approximately $16,656,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JNBA Financial Advisors increased its holdings in Lowe's Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC raised its holdings 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 purchasing an additional 70 shares in the last quarter. Stephens Consulting LLC raised its holdings in shares of Lowe's Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Lowe's Companies in the 2nd quarter valued at $37,000. Finally, Tsfg LLC raised its holdings in shares of Lowe's Companies by 128.2% in the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock valued at $48,000 after purchasing an additional 100 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Price Performance

Shares of LOW stock traded down $12.54 during mid-day trading on Tuesday, hitting $259.23. The stock had a trading volume of 4,207,691 shares, compared to its average volume of 2,448,560. Lowe's Companies, Inc. has a fifty-two week low of $196.23 and a fifty-two week high of $287.01. The company's 50-day simple moving average is $267.74 and its 200-day simple moving average is $244.04. The firm has a market cap of $147.06 billion, a PE ratio of 21.63, a PEG ratio of 2.21 and a beta of 1.10.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating the consensus estimate of $3.96 by $0.14. Lowe's Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm had revenue of $23.59 billion during the quarter, compared to analysts' expectations of $23.93 billion. During the same quarter last year, the business earned $4.56 earnings per share. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. On average, analysts expect that Lowe's Companies, Inc. will post 11.93 EPS for the current year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a $1.15 dividend. This is a boost from Lowe's Companies's previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, October 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.77%. Lowe's Companies's dividend payout ratio (DPR) is 38.14%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating on the stock in a report on Wednesday, August 21st. TD Cowen raised their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. Loop Capital upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating and raised their price objective for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Gordon Haskett dropped their target price on shares of Lowe's Companies from $245.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company increased their target price on shares of Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus price target of $273.84.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe's Companies stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe's Companies stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the transaction, the executive vice president now owns 13,214 shares of the company's stock, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

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.