McKinley Carter Wealth Services Inc. Acquires 590 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

McKinley Carter Wealth Services Inc. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,633 shares of the home improvement retailer’s stock after acquiring an additional 590 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Lowe’s Companies were worth $2,207,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Lowe’s Companies in the first quarter worth $27,000. Macroview Investment Management LLC increased its stake in shares of Lowe’s Companies by 49.1% in the first quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 52 shares in the last quarter. Delos Wealth Advisors LLC increased its stake in shares of Lowe’s Companies by 388.2% in the fourth quarter. Delos Wealth Advisors LLC now owns 166 shares of the home improvement retailer’s stock worth $43,000 after purchasing an additional 132 shares in the last quarter. O Dell Group LLC purchased a new stake in shares of Lowe’s Companies in the first quarter worth $34,000. Finally, Compagnie Lombard Odier SCmA increased its stake in shares of Lowe’s Companies by 100.0% in the first quarter. Compagnie Lombard Odier SCmA now owns 180 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 90 shares in the last quarter. 74.04% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded down $1.35 during trading on Friday, hitting $186.77. The stock had a trading volume of 94,587 shares, compared to its average volume of 3,715,737. The firm’s fifty day simple moving average is $198.00 and its 200-day simple moving average is $197.74. The stock has a market cap of $115.93 billion, a PE ratio of 14.82, a PEG ratio of 1.06 and a beta of 1.22. Lowe’s Companies, Inc. has a 12 month low of $170.12 and a 12 month high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last announced its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.63 by $0.04. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. The company had revenue of $27.48 billion during the quarter, compared to analyst estimates of $28.16 billion. During the same quarter last year, the business posted $4.25 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, October 18th. This represents a $4.20 dividend on an annualized basis and a yield of 2.25%. Lowe’s Companies’s payout ratio is 33.10%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LOW shares. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Jefferies Financial Group raised their target price on shares of Lowe’s Companies from $238.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Wells Fargo & Company raised their target price on shares of Lowe’s Companies from $220.00 to $245.00 in a research note on Wednesday, August 17th. Truist Financial raised their target price on shares of Lowe’s Companies from $237.00 to $263.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Finally, DA Davidson raised their target price on shares of Lowe’s Companies from $225.00 to $247.00 in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $244.05.

Insider Activity at Lowe’s Companies

In related news, EVP Seemantini Godbole sold 11,761 shares of Lowe’s Companies stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $214.37, for a total transaction of $2,521,205.57. Following the completion of the sale, the executive vice president now owns 26,575 shares in the company, valued at approximately $5,696,882.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Lowe’s Companies Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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