Swedbank AB Acquires 82,845 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Swedbank AB raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 27.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 381,967 shares of the home improvement retailer’s stock after buying an additional 82,845 shares during the quarter. Swedbank AB’s holdings in Lowe’s Companies were worth $94,269,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LOW. IFS Advisors LLC acquired a new position in Lowe’s Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter worth about $27,000. Winch Advisory Services LLC raised its position in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the last quarter. JNBA Financial Advisors lifted its stake in shares of Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC grew its position in Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent research reports. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Mizuho upped 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. Royal Bank of Canada lifted their price target 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. Evercore ISI boosted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Finally, Loop Capital upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their target price for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Price Performance

LOW stock opened at $261.72 on Thursday. The stock has a market capitalization of $147.78 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. The company has a 50 day moving average price of $259.15 and a 200 day moving average price of $256.97. Lowe’s Companies, Inc. has a fifty-two week low of $210.10 and a fifty-two week high of $287.01.

Lowe’s Companies Announces Dividend

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

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.