Norway Savings Bank Has $2.19 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

Norway Savings Bank increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,874 shares of the home improvement retailer’s stock after acquiring an additional 161 shares during the quarter. Lowe’s Companies makes up about 1.2% of Norway Savings Bank’s portfolio, making the stock its 26th largest position. Norway Savings Bank’s holdings in Lowe’s Companies were worth $2,190,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in LOW. FMR LLC increased its position in shares of Lowe’s Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Lowe’s Companies by 1,889.7% in the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock valued at $578,256,000 after purchasing an additional 2,027,668 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in shares of Lowe’s Companies by 20,275.6% during the second quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer’s stock valued at $2,657,000 after buying an additional 1,199,100 shares during the last quarter. Applied Finance Capital Management LLC grew its holdings in Lowe’s Companies by 387.7% during the third 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 in the last quarter. Finally, Marshall Wace LLP raised its position in Lowe’s Companies by 170.5% in the 2nd quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer’s stock valued at $162,178,000 after buying an additional 463,645 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on LOW. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Royal Bank of Canada boosted their target price on 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. Piper Sandler increased their price target on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Sanford C. Bernstein upped their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Bank of America lifted their target price 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. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Stock Performance

LOW traded down $2.55 on Tuesday, reaching $247.19. The company had a trading volume of 968,350 shares, compared to its average volume of 2,028,700. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01. The company has a market cap of $139.58 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 2.20 and a beta of 1.11. The business has a 50 day simple moving average of $262.43 and a 200 day simple moving average of $252.84.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.86%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.