Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Cravens & Co Advisors LLC

Cravens & Co Advisors LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,031 shares of the home improvement retailer’s stock after selling 304 shares during the quarter. Lowe’s Companies comprises approximately 0.8% of Cravens & Co Advisors LLC’s portfolio, making the stock its 24th biggest holding. Cravens & Co Advisors LLC’s holdings in Lowe’s Companies were worth $1,092,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tidal Investments LLC grew its stake in shares of Lowe’s Companies by 24.2% in the first quarter. Tidal Investments LLC now owns 27,608 shares of the home improvement retailer’s stock valued at $7,028,000 after buying an additional 5,384 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Lowe’s Companies during the 1st quarter valued at $713,000. Hancock Whitney Corp increased its stake in Lowe’s Companies by 1.8% during the 1st quarter. Hancock Whitney Corp now owns 5,138 shares of the home improvement retailer’s stock worth $1,309,000 after buying an additional 93 shares during the period. XML Financial LLC lifted its holdings in Lowe’s Companies by 38.2% in the 1st quarter. XML Financial LLC now owns 5,525 shares of the home improvement retailer’s stock worth $1,408,000 after buying an additional 1,526 shares in the last quarter. Finally, Plato Investment Management Ltd grew its stake in shares of Lowe’s Companies by 655.9% during the first quarter. Plato Investment Management Ltd now owns 6,304 shares of the home improvement retailer’s stock valued at $1,606,000 after acquiring an additional 5,470 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. The trade was a 41.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Lowe’s Companies from $290.00 to $291.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 20th. Bank of America lifted their price target on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Gordon Haskett reduced their price objective on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $277.92.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $274.48 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $196.32 and a 12-month high of $287.01. The stock has a market capitalization of $155.71 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. The firm has a 50 day simple moving average of $269.47 and a 200-day simple moving average of $245.47.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, October 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a dividend yield of 1.68%. Lowe’s Companies’s dividend payout ratio (DPR) is 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.