Commerzbank Aktiengesellschaft FI Has $2.54 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

Commerzbank Aktiengesellschaft FI increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 201.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,389 shares of the home improvement retailer's stock after purchasing an additional 6,274 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Lowe's Companies were worth $2,544,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Affinity Capital Advisors LLC bought a new stake in Lowe's Companies during the 1st quarter worth $202,000. Sound Income Strategies LLC raised its holdings in Lowe's Companies by 13.0% in the 1st quarter. Sound Income Strategies LLC now owns 1,284 shares of the home improvement retailer's stock valued at $327,000 after buying an additional 148 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in Lowe's Companies by 11.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,115 shares of the home improvement retailer's stock worth $1,048,000 after buying an additional 434 shares during the period. Elevated Capital Advisors LLC grew its holdings in Lowe's Companies by 7.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 2,202 shares of the home improvement retailer's stock worth $561,000 after acquiring an additional 162 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Lowe's Companies during the first quarter valued at $205,000. Institutional investors own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the company's stock in a transaction on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Lowe's Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 of the company's stock, valued at approximately $3,586,940.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe's Companies 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Lowe's Companies Price Performance

LOW opened at $271.13 on Wednesday. The firm has a market capitalization of $154.50 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Lowe's Companies, Inc. has a one year low of $181.85 and a one year high of $287.01. The company has a fifty day moving average price of $259.01 and a 200-day moving average price of $239.26.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $23.93 billion. During the same period in the prior year, the business posted $4.56 EPS. The firm's revenue was down 5.5% compared to the same quarter last year. On average, analysts expect that Lowe's Companies, Inc. will post 11.91 earnings per share for the current year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.70%. This is a boost from Lowe's Companies's previous quarterly dividend of $0.15. Lowe's Companies's dividend payout ratio (DPR) is 36.95%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LOW. Sanford C. Bernstein started coverage on Lowe's Companies in a report on Tuesday. They issued an "outperform" rating and a $323.00 price objective for the company. Wells Fargo & Company cut their price target on Lowe's Companies from $290.00 to $280.00 and set an "overweight" rating on the stock in a report on Wednesday, August 21st. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, September 18th. Telsey Advisory Group lifted their price objective on shares of Lowe's Companies from $230.00 to $275.00 and gave the company a "market perform" rating in a report on Wednesday, October 2nd. Finally, Melius Research started coverage on shares of Lowe's Companies in a research report on Monday, September 23rd. They set a "buy" rating and a $290.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $270.60.

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.

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