Premier Fund Managers Ltd Raises Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Premier Fund Managers Ltd increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,438 shares of the home improvement retailer's stock after acquiring an additional 4,300 shares during the period. Lowe's Companies comprises about 2.6% of Premier Fund Managers Ltd's holdings, making the stock its 5th largest holding. Premier Fund Managers Ltd's holdings in Lowe's Companies were worth $73,575,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LOW. Crew Capital Management Ltd. grew its stake in Lowe's Companies by 1.0% in the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock valued at $1,049,000 after purchasing an additional 37 shares in the last quarter. Summit Place Financial Advisors LLC lifted its stake in shares of Lowe's Companies by 2.8% in the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock worth $372,000 after buying an additional 37 shares during the last quarter. Clean Yield Group boosted its holdings in Lowe's Companies by 2.4% during the third quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer's stock valued at $433,000 after acquiring an additional 38 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Lowe's Companies by 0.5% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock valued at $2,021,000 after buying an additional 40 shares during the last quarter. Finally, Drive Wealth Management LLC grew its stake in shares of Lowe's Companies by 2.2% in the second quarter. Drive Wealth Management LLC now owns 1,894 shares of the home improvement retailer's stock worth $418,000 after acquiring an additional 41 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LOW shares. Wedbush reissued a "neutral" rating and set a $250.00 price objective on shares of Lowe's Companies in a report on Wednesday, August 21st. DA Davidson raised their target price on Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday. Sanford C. Bernstein dropped their price objective on shares of Lowe's Companies from $306.00 to $301.00 and set an "outperform" rating for the company in a report on Wednesday. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Tuesday. Finally, Truist Financial upped their price objective on Lowe's Companies from $307.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $277.92.

Insider Activity at Lowe's Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe's Companies 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 transaction, the executive vice president now owns 13,214 shares in the company, 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 SEC, which is accessible through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. This represents a 41.91 % 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 Trading Up 1.1 %

LOW stock traded up $2.73 during trading hours on Wednesday, hitting $261.99. 1,121,847 shares of the stock were exchanged, compared to its average volume of 2,442,700. Lowe's Companies, Inc. has a 12 month low of $196.23 and a 12 month high of $287.01. The company has a 50-day simple moving average of $267.97 and a two-hundred day simple moving average of $244.23. The firm has a market capitalization of $148.62 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.21 and a beta of 1.10.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results 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 for 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 business posted $4.56 earnings per share. On average, equities research analysts predict that Lowe's Companies, Inc. will post 11.93 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. This is a boost from Lowe's Companies's previous quarterly dividend of $0.15. Lowe's Companies's dividend payout ratio (DPR) is presently 38.14%.

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.