Second Half Financial Partners LLC Makes New Investment in Lowe's Companies, Inc. (NYSE:LOW)

Second Half Financial Partners LLC acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,157 shares of the home improvement retailer's stock, valued at approximately $2,209,000. Lowe's Companies makes up approximately 1.2% of Second Half Financial Partners LLC's investment portfolio, making the stock its 28th largest holding.

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

Insider Buying and Selling

In other Lowe's Companies news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe's Companies 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 transaction, the executive vice president now owns 13,214 shares in the company, valued at $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business's stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Lowe's Companies Stock Down 4.6 %

Shares of NYSE:LOW traded down $12.54 during trading on Tuesday, reaching $259.23. 4,207,691 shares of the company traded hands, compared to its average volume of 2,448,560. The firm has a market capitalization of $147.06 billion, a PE ratio of 21.63, a PEG ratio of 2.21 and a beta of 1.10. Lowe's Companies, Inc. has a 52 week low of $196.23 and a 52 week high of $287.01. The company's 50 day moving average is $267.74 and its two-hundred day moving average is $244.04.

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. 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%. Lowe's Companies's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.56 earnings per share. As a group, research analysts anticipate that Lowe's Companies, Inc. will post 11.93 EPS for the current year.

Lowe's Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, October 23rd. This is an increase from Lowe's Companies's previous quarterly dividend of $0.15. Lowe's Companies's dividend payout ratio is 38.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Sanford C. Bernstein started coverage on Lowe's Companies in a report on Tuesday, October 22nd. They issued an "outperform" rating and a $323.00 price objective for the company. UBS Group increased their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lowered their price objective 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price target on Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $273.84.

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.