Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 70,208 shares of the home improvement retailer's stock after selling 2,002 shares during the quarter. Mutual of America Capital Management LLC's holdings in Lowe's Companies were worth $19,016,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Bamco Inc. NY boosted its holdings in Lowe's Companies by 10.3% in the 1st quarter. Bamco Inc. NY now owns 216,958 shares of the home improvement retailer's stock valued at $55,266,000 after purchasing an additional 20,181 shares during the period. Plato Investment Management Ltd grew its position in Lowe's Companies by 655.9% during the first quarter. Plato Investment Management Ltd now owns 6,304 shares of the home improvement retailer's stock worth $1,606,000 after buying an additional 5,470 shares in the last quarter. HM Payson & Co. increased its stake in Lowe's Companies by 1.1% in the 3rd quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer's stock worth $58,409,000 after acquiring an additional 2,322 shares during the last quarter. Daymark Wealth Partners LLC raised its holdings in shares of Lowe's Companies by 12.7% in the 2nd quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer's stock valued at $5,637,000 after acquiring an additional 2,889 shares in the last quarter. Finally, AMF Tjanstepension AB raised its holdings in shares of Lowe's Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer's stock valued at $43,290,000 after acquiring an additional 20,123 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insider Transactions at Lowe's Companies

In related news, 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 transaction of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares of the company's stock, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LOW shares. Loop Capital raised shares of Lowe's Companies from a "hold" rating to a "buy" rating and increased their price target for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Melius Research assumed coverage on Lowe's Companies in a research note on Monday, September 23rd. They issued a "buy" rating and a $290.00 target price on the stock. Wedbush reaffirmed a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a research note on Wednesday, August 21st. Wells Fargo & Company increased their price objective on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating on the stock in a report on Wednesday, August 21st. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $273.84.

Lowe's Companies Price Performance

Lowe's Companies stock traded down $0.95 during midday trading on Friday, reaching $269.40. The company had a trading volume of 2,264,979 shares, compared to its average volume of 2,318,364. The firm's fifty day simple moving average is $267.19 and its 200-day simple moving average is $243.62. Lowe's Companies, Inc. has a 12-month low of $196.23 and a 12-month high of $287.01. The company has a market capitalization of $152.83 billion, a P/E ratio of 22.34, a P/E/G 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 earnings per share for the quarter, beating analysts' consensus estimates of $3.96 by $0.14. The company had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. Lowe's Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.56 EPS. On average, analysts expect that Lowe's Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.71%. This is a positive change from Lowe's Companies's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, October 23rd. Lowe's Companies's dividend payout ratio (DPR) is 38.14%.

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.