Mn Services Vermogensbeheer B.V. Sells 4,600 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Mn Services Vermogensbeheer B.V. reduced its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,745 shares of the home improvement retailer's stock after selling 4,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Lowe's Companies were worth $60,330,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Stephens Consulting LLC increased its position in Lowe's Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 70 shares during the period. Keener Financial Planning LLC acquired a new stake in Lowe's Companies during the first quarter worth about $35,000. MFA Wealth Advisors LLC grew its stake in Lowe's Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after buying an additional 70 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in Lowe's Companies during the second quarter worth about $37,000. Finally, Tsfg LLC grew its stake in Lowe's Companies by 128.2% during the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock worth $48,000 after buying an additional 100 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LOW has been the topic of a number of analyst reports. Gordon Haskett reduced their price objective on shares of Lowe's Companies from $245.00 to $240.00 and set a "hold" rating on the stock in a research note on Wednesday, August 21st. Loop Capital upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating and raised their price target for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price target on shares of Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 21st. Wells Fargo & Company reduced their price target on shares of Lowe's Companies from $290.00 to $280.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 21st. Finally, TD Cowen raised their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $271.60.

Insider Activity

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

Lowe's Companies Trading Up 1.2 %

Shares of NYSE:LOW traded up $3.04 during trading on Monday, reaching $264.98. 1,735,691 shares of the company traded hands, compared to its average volume of 2,442,698. The firm has a market capitalization of $150.32 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 2.15 and a beta of 1.10. Lowe's Companies, Inc. has a 52-week low of $189.05 and a 52-week high of $287.01. The business's fifty day moving average is $263.10 and its 200-day moving average is $241.25.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.96 by $0.14. The business had revenue of $23.59 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.56 earnings per share. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.91 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The business 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 is an increase from Lowe's Companies's previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a dividend yield of 1.74%. Lowe's Companies's dividend payout ratio (DPR) is presently 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.