Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 45.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,950 shares of the home improvement retailer’s stock after selling 10,100 shares during the quarter. Cohen Klingenstein LLC’s holdings in Lowe’s Companies were worth $2,949,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Arkadios Wealth Advisors lifted its holdings in Lowe’s Companies by 17.0% in the 4th quarter. Arkadios Wealth Advisors now owns 8,821 shares of the home improvement retailer’s stock valued at $2,177,000 after purchasing an additional 1,279 shares in the last quarter. Atwater Malick LLC boosted its position in Lowe’s Companies by 0.6% during the fourth quarter. Atwater Malick LLC now owns 30,486 shares of the home improvement retailer’s stock worth $7,524,000 after acquiring an additional 178 shares during the last quarter. Brooklyn Investment Group grew its stake in Lowe’s Companies by 5.1% during the 4th quarter. Brooklyn Investment Group now owns 4,272 shares of the home improvement retailer’s stock valued at $1,054,000 after acquiring an additional 208 shares in the last quarter. Whitener Capital Management Inc. boosted its holdings in shares of Lowe’s Companies by 2.8% during the 4th quarter. Whitener Capital Management Inc. now owns 13,646 shares of the home improvement retailer’s stock worth $3,368,000 after purchasing an additional 376 shares during the last quarter. Finally, Somerset Trust Co grew its holdings in shares of Lowe’s Companies by 2.0% during the 4th quarter. Somerset Trust Co now owns 29,575 shares of the home improvement retailer’s stock worth $7,299,000 after purchasing an additional 566 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

LOW opened at $261.39 on Friday. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01. The company has a market capitalization of $147.59 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The business has a 50 day moving average price of $260.29 and a two-hundred day moving average price of $253.98.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

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 on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on LOW. Evercore ISI upped their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. Barclays upped their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Sanford C. Bernstein boosted their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Mizuho lifted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

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.