WT Wealth Management Has $959,000 Stake in Lowe's Companies, Inc. (NYSE:LOW)

WT Wealth Management cut its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 64.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,404 shares of the home improvement retailer's stock after selling 6,107 shares during the quarter. WT Wealth Management's holdings in Lowe's Companies were worth $959,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bamco Inc. NY increased its position in shares of Lowe's Companies by 10.3% during the first 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 raised its stake in shares of Lowe's Companies by 655.9% in the 1st quarter. Plato Investment Management Ltd now owns 6,304 shares of the home improvement retailer's stock valued at $1,606,000 after buying an additional 5,470 shares in the last quarter. Lincoln National Corp lifted its holdings in shares of Lowe's Companies by 1.5% during the 1st quarter. Lincoln National Corp now owns 11,128 shares of the home improvement retailer's stock worth $2,835,000 after acquiring an additional 169 shares during the period. Daymark Wealth Partners LLC increased its stake in Lowe's Companies by 12.7% in the second 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 during the period. Finally, AMF Tjanstepension AB raised its position in Lowe's Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer's stock worth $43,290,000 after purchasing an additional 20,123 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the 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 transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 value 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 $3,586,940.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm'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 value of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Lowe's Companies Stock Down 1.7 %

Shares of LOW traded down $4.62 during trading hours on Tuesday, reaching $272.22. The stock had a trading volume of 3,102,116 shares, compared to its average volume of 2,453,898. The firm has a 50-day moving average of $259.01 and a 200 day moving average of $239.26. The company has a market cap of $155.12 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.28 and a beta of 1.10. 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 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same quarter last year, the firm posted $4.56 earnings per share. Lowe's Companies's revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts expect that Lowe's Companies, Inc. will post 11.91 earnings per share 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 given a $1.15 dividend. This is a boost from Lowe's Companies's previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, October 23rd. Lowe's Companies's payout ratio is currently 36.95%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LOW. Oppenheimer upgraded Lowe's Companies from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Melius Research initiated coverage on Lowe's Companies in a research note on Monday, September 23rd. They set a "buy" rating and a $290.00 price objective for the company. Morgan Stanley boosted their target price on shares of Lowe's Companies from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Wednesday, August 21st. UBS Group increased their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Finally, Evercore ISI boosted their price target 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. Eleven investment analysts have rated the stock with a hold rating and fifteen 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 a consensus target price of $270.60.

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.