Curbstone Financial Management Corp lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,392 shares of the home improvement retailer’s stock after buying an additional 136 shares during the quarter. Curbstone Financial Management Corp’s holdings in Lowe’s Companies were worth $837,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. FMR LLC boosted its position in shares of Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after acquiring an additional 2,399,897 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Lowe’s Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock worth $578,256,000 after buying an additional 2,027,668 shares in the last quarter. Applied Finance Capital Management LLC increased its holdings in shares of Lowe’s Companies by 387.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after buying an additional 645,017 shares during the last quarter. State Street Corp grew its position in Lowe’s Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after acquiring an additional 460,851 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Lowe’s Companies by 219.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 458,343 shares of the home improvement retailer’s stock worth $124,142,000 after acquiring an additional 314,861 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.
Analyst Ratings Changes
LOW has been the subject of several analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Bank of America raised their target price on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. TD Cowen upped their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada raised their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $280.85.
Insider Buying and Selling at Lowe’s Companies
In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’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. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.
Lowe’s Companies Stock Up 2.3 %
Lowe’s Companies stock opened at $268.34 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $209.81 and a twelve month high of $287.01. The business has a fifty day moving average of $259.11 and a two-hundred day moving average of $256.48. The firm has a market cap of $151.52 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.16 and a beta of 1.11.
Lowe’s Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is currently 38.37%.
Lowe’s Companies 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.
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