Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 52.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,478,516 shares of the home improvement retailer’s stock after purchasing an additional 507,192 shares during the period. Bessemer Group Inc.’s holdings in Lowe’s Companies were worth $333,700,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE boosted its position in Lowe’s Companies by 357.1% during the 1st quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 100 shares during the period. Field & Main Bank lifted its holdings in shares of Lowe’s Companies by 107.3% during the 2nd quarter. Field & Main Bank now owns 114 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 59 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in Lowe’s Companies during the fourth quarter valued at approximately $35,000. True Wealth Design LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $42,000. Finally, AXS Investments LLC boosted its stake in Lowe’s Companies by 24.5% in the 1st quarter. AXS Investments LLC now owns 285 shares of the home improvement retailer’s stock valued at $57,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 71.88% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Janice Dupre sold 5,380 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $231.28, for a total transaction of $1,244,286.40. Following the completion of the transaction, the executive vice president now owns 24,216 shares in the company, valued at $5,600,676.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Joseph Michael Mcfarland sold 4,500 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the transaction, the executive vice president now directly owns 46,594 shares in the company, valued at approximately $10,368,562.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Janice Dupre sold 5,380 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $231.28, for a total transaction of $1,244,286.40. Following the completion of the sale, the executive vice president now owns 24,216 shares of the company’s stock, valued at $5,600,676.48. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LOW shares. Bank of America upped their target price on shares of Lowe’s Companies from $278.00 to $289.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Morgan Stanley boosted their target price on Lowe’s Companies from $235.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, August 23rd. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Thursday. The Goldman Sachs Group decreased their target price on Lowe’s Companies from $260.00 to $252.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. Finally, Truist Financial cut their price target on Lowe’s Companies from $256.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, October 5th. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $242.32.

Lowe’s Companies Price Performance

LOW traded up $0.44 during mid-day trading on Monday, hitting $204.14. The stock had a trading volume of 774,472 shares, compared to its average volume of 2,784,844. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $237.21. The firm has a market capitalization of $117.81 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07. The stock’s fifty day simple moving average is $201.92 and its 200-day simple moving average is $213.29.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 22nd. The home improvement retailer reported $4.56 EPS for the quarter, topping the consensus estimate of $4.49 by $0.07. The firm had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.97 billion. Lowe’s Companies had a net margin of 6.48% and a negative return on equity of 58.56%. The business’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period last year, the company posted $4.67 EPS. As a group, research analysts expect that Lowe’s Companies, Inc. will post 13.31 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $4.40 annualized dividend and a dividend yield of 2.16%. Lowe’s Companies’s dividend payout ratio is currently 43.31%.

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.