Ferguson Wellman Capital Management Inc. Has $1.01 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Ferguson Wellman Capital Management Inc. trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 30.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,737 shares of the home improvement retailer’s stock after selling 1,656 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Lowe’s Companies were worth $1,012,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Keener Financial Planning LLC purchased a new stake in Lowe’s Companies in the 1st quarter worth about $35,000. Stephens Consulting LLC boosted its holdings in shares of Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of Lowe’s Companies during the second quarter worth approximately $37,000. Tsfg LLC grew its position in Lowe’s Companies by 128.2% during the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 100 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its stake in Lowe’s Companies by 54.7% in the 1st quarter. Tradewinds Capital Management LLC now owns 198 shares of the home improvement retailer’s stock valued at $50,000 after buying an additional 70 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America lifted their target price on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. lowered their target price on 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. Piper Sandler raised their price target on Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company decreased their target price on shares of 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. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $268.42.

Insider Buying and Selling at Lowe’s Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Lowe’s Companies news, 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 directly owns 9,383 shares in the company, valued at $2,334,678.06. This 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 at this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies 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 transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. 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.

Lowe’s Companies Stock Performance

Shares of LOW opened at $281.64 on Friday. The company has a 50-day simple moving average of $257.37 and a 200-day simple moving average of $238.77. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $287.01. The firm has a market capitalization of $160.49 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.28 and a beta of 1.10.

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

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s payout ratio is 36.95%.

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.