Nikulski Financial Inc. Raises Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Nikulski Financial Inc. boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,180 shares of the home improvement retailer’s stock after acquiring an additional 69 shares during the quarter. Nikulski Financial Inc.’s holdings in Lowe’s Companies were worth $590,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Oak Harvest Investment Services acquired a new stake in shares of Lowe’s Companies during the 1st quarter valued at approximately $212,000. Willis Johnson & Associates Inc. purchased a new stake in shares of Lowe’s Companies in the 1st quarter worth about $200,000. Norden Group LLC grew its stake in Lowe’s Companies by 36.2% in the 1st quarter. Norden Group LLC now owns 5,584 shares of the home improvement retailer’s stock valued at $1,422,000 after acquiring an additional 1,484 shares during the last quarter. SeaBridge Investment Advisors LLC raised its position in Lowe’s Companies by 1.3% during the first quarter. SeaBridge Investment Advisors LLC now owns 14,299 shares of the home improvement retailer’s stock worth $3,642,000 after acquiring an additional 188 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at about $2,985,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe’s Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’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 sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s 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. The trade was 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. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 13,214 shares of the company’s stock, 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. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Price Performance

LOW stock traded up $1.02 on Thursday, reaching $262.41. The company’s stock had a trading volume of 79,299 shares, compared to its average volume of 2,433,267. Lowe’s Companies, Inc. has a 52 week low of $187.77 and a 52 week high of $287.01. The firm has a fifty day moving average of $262.14 and a two-hundred day moving average of $240.45. The company has a market capitalization of $149.53 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 2.24 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. The company had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.56 EPS. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 11.91 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s payout ratio is presently 36.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LOW shares. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Wells Fargo & Company dropped their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Wedbush restated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Wednesday, August 21st. JPMorgan Chase & Co. decreased their price objective on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a report on Wednesday, August 21st. Finally, Piper Sandler upped their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Eleven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $271.60.

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.