Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lessened its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 19.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,770 shares of the home improvement retailer's stock after selling 4,589 shares during the quarter. Banque Cantonale Vaudoise's holdings in Lowe's Companies were worth $5,084,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Stephens Consulting LLC raised its holdings in shares of Lowe's Companies by 93.3% in the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock worth $32,000 after buying an additional 70 shares during the period. JNBA Financial Advisors lifted its position in shares of Lowe's Companies by 555.6% during the third 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 last quarter. MFA Wealth Advisors LLC lifted its holdings in Lowe's Companies by 118.6% during 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 in the last quarter. Kimelman & Baird LLC purchased a new stake in Lowe's Companies in the 2nd quarter valued at about $37,000. Finally, Tsfg LLC grew its stake in Lowe's Companies by 128.2% in the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock worth $48,000 after acquiring an additional 100 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded down $12.54 during midday trading on Tuesday, reaching $259.23. 4,207,691 shares of the company's stock traded hands, compared to its average volume of 2,448,560. The company has a market cap of $147.06 billion, a P/E ratio of 21.63, a PEG ratio of 2.21 and a beta of 1.10. The company has a fifty day simple moving average of $267.74 and a two-hundred day simple moving average of $244.04. Lowe's Companies, Inc. has a 1 year low of $196.23 and a 1 year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $23.59 billion for the quarter, compared to analysts' expectations of $23.93 billion. During the same quarter in the previous year, the company posted $4.56 EPS. The firm's quarterly revenue was down 5.5% on a year-over-year basis. As a group, research analysts forecast that Lowe's Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

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

Insider Buying and Selling

In other Lowe's Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm's 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 completion of 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 41.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LOW. Truist Financial lifted their price target on shares of Lowe's Companies from $306.00 to $307.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a report on Tuesday. Sanford C. Bernstein started coverage on shares of Lowe's Companies in a report on Tuesday, October 22nd. They issued an "outperform" rating and a $323.00 price target for the company. Royal Bank of Canada dropped their price objective on Lowe's Companies from $245.00 to $238.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 21st. Finally, Wedbush reaffirmed a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a research report on Wednesday, August 21st. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $273.84.

Lowe's Companies Profile

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.