Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,962 shares of the home improvement retailer’s stock after selling 54 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Lowe’s Companies were worth $731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LOW. StoneX Group Inc. acquired a new position in Lowe’s Companies in the 3rd quarter worth $2,713,000. Principal Financial Group Inc. lifted its stake in shares of Lowe’s Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock worth $175,944,000 after acquiring an additional 24,812 shares in the last quarter. HM Payson & Co. boosted its holdings in Lowe’s Companies by 1.1% in the third quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock valued at $58,409,000 after purchasing an additional 2,322 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $16,143,000. Finally, Daymark Wealth Partners LLC increased its holdings in Lowe’s Companies by 12.7% during the 2nd quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer’s stock worth $5,637,000 after purchasing an additional 2,889 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Mizuho increased their target price on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Melius Research began coverage on shares of Lowe’s Companies in a research report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price for the company. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Finally, Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Trading Up 1.4 %

LOW stock traded up $3.48 during trading on Monday, hitting $251.96. The company had a trading volume of 893,240 shares, compared to its average volume of 1,804,309. The firm has a market capitalization of $142.27 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 2.20 and a beta of 1.11. The business has a 50 day moving average of $262.80 and a 200 day moving average of $252.69. Lowe’s Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

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.