Vest Financial LLC Has $58.32 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Vest Financial LLC raised its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 13.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 215,335 shares of the home improvement retailer's stock after purchasing an additional 25,041 shares during the period. Lowe's Companies comprises approximately 1.1% of Vest Financial LLC's holdings, making the stock its 12th largest holding. Vest Financial LLC's holdings in Lowe's Companies were worth $58,323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Stephens Consulting LLC grew its stake in 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 purchasing an additional 70 shares in the last quarter. Keener Financial Planning LLC acquired a new position in shares of Lowe's Companies in the 1st quarter worth approximately $35,000. Kimelman & Baird LLC bought a new stake in shares of Lowe's Companies in the 2nd quarter valued at approximately $37,000. Tsfg LLC raised its position in shares of Lowe's Companies by 128.2% during the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock valued at $48,000 after acquiring an additional 100 shares in the last quarter. Finally, Lynx Investment Advisory bought a new position in Lowe's Companies during the second quarter worth $49,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOW has been the subject of several recent research reports. Melius Research initiated coverage on shares of Lowe's Companies in a research note on Monday, September 23rd. They set a "buy" rating and a $290.00 target price for the company. Evercore ISI boosted their price objective on shares of Lowe's Companies from $225.00 to $250.00 and gave the company an "in-line" rating in a research report on Wednesday, August 21st. Truist Financial raised their target price on shares of Lowe's Companies from $269.00 to $306.00 and gave the stock a "buy" rating in a report on Monday, October 14th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, September 18th. Finally, UBS Group increased their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $268.42.

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 stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares of the company's stock, valued at $2,334,678.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm's stock in a transaction dated 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 directly owns 9,383 shares of the company's stock, valued at $2,334,678.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business'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 sale, the executive vice president now directly owns 13,214 shares of the company's stock, valued at $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

Lowe's Companies Stock Performance

Shares of NYSE LOW traded up $0.33 during trading on Friday, hitting $281.64. The company had a trading volume of 2,031,301 shares, compared to its average volume of 2,450,833. The company has a market cap of $160.49 billion, a P/E ratio of 22.62, a PEG ratio of 2.28 and a beta of 1.10. The business's 50-day moving average is $257.37 and its 200 day moving average is $238.75. Lowe's Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $287.01.

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 earnings per share for the quarter, beating analysts' consensus estimates of $3.96 by $0.14. The business had revenue of $23.59 billion during 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%. Lowe's Companies's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the company posted $4.56 EPS. On average, research analysts expect that Lowe's Companies, Inc. will post 11.91 EPS for the current year.

Lowe's Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued 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 1.63%. This is a positive change from Lowe's Companies's previous quarterly dividend of $0.15. Lowe's Companies's payout ratio is currently 36.95%.

Lowe's Companies Company 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.