W.H. Cornerstone Investments Inc. Has $1.24 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

W.H. Cornerstone Investments Inc. trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,578 shares of the home improvement retailer’s stock after selling 550 shares during the period. Lowe’s Companies makes up approximately 0.8% of W.H. Cornerstone Investments Inc.’s holdings, making the stock its 29th biggest holding. W.H. Cornerstone Investments Inc.’s holdings in Lowe’s Companies were worth $1,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. United Community Bank raised its stake in Lowe’s Companies by 26.0% during the 1st quarter. United Community Bank now owns 728 shares of the home improvement retailer’s stock worth $185,000 after buying an additional 150 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Lowe’s Companies by 8.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 4,692 shares of the home improvement retailer’s stock valued at $1,195,000 after purchasing an additional 373 shares during the period. Avidian Wealth Solutions LLC increased its stake in Lowe’s Companies by 25.5% during the 1st quarter. Avidian Wealth Solutions LLC now owns 1,271 shares of the home improvement retailer’s stock worth $324,000 after purchasing an additional 258 shares in the last quarter. Catalina Capital Group LLC lifted its stake in Lowe’s Companies by 54.3% in the first quarter. Catalina Capital Group LLC now owns 2,050 shares of the home improvement retailer’s stock valued at $522,000 after buying an additional 721 shares in the last quarter. Finally, Carson Advisory Inc. boosted its holdings in shares of Lowe’s Companies by 2.9% in the first quarter. Carson Advisory Inc. now owns 3,049 shares of the home improvement retailer’s stock valued at $777,000 after buying an additional 85 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock opened at $264.98 on Tuesday. Lowe’s Companies, Inc. has a 52 week low of $189.05 and a 52 week high of $287.01. The company has a market capitalization of $150.32 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. The company’s 50-day simple moving average is $263.10 and its 200 day simple moving average is $241.25.

Lowe’s Companies (NYSE:LOW) last announced its 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. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same quarter in the prior year, the business posted $4.56 EPS. The business’s revenue was down 5.5% compared to the same quarter last year. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, October 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio (DPR) is 38.14%.

Insider Buying and Selling at Lowe’s Companies

In other 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 approximately $2,334,678.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, 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 transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 $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. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LOW shares. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. reduced their price objective on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Royal Bank of Canada lowered their target price on Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 21st. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and increased their price target for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company lowered their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $271.60.

About Lowe’s Companies

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.