Union Savings Bank Sells 280 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Union Savings Bank lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,621 shares of the home improvement retailer’s stock after selling 280 shares during the quarter. Union Savings Bank’s holdings in Lowe’s Companies were worth $647,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Intech Investment Management LLC lifted its stake in shares of Lowe’s Companies by 1.7% in the 2nd quarter. Intech Investment Management LLC now owns 17,829 shares of the home improvement retailer’s stock valued at $3,931,000 after purchasing an additional 298 shares during the period. AE Wealth Management LLC increased its holdings in Lowe’s Companies by 52.7% in the second quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer’s stock valued at $4,027,000 after purchasing an additional 6,305 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Lowe’s Companies by 1.2% in the second quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock valued at $9,059,000 after buying an additional 488 shares during the period. Sei Investments Co. boosted its holdings in Lowe’s Companies by 2.0% during the second quarter. Sei Investments Co. now owns 480,491 shares of the home improvement retailer’s stock worth $105,927,000 after buying an additional 9,228 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its position in shares of Lowe’s Companies by 38.5% during the 2nd quarter. Summit Trail Advisors LLC now owns 10,171 shares of the home improvement retailer’s stock worth $2,242,000 after buying an additional 2,827 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

LOW has been the topic of a number of analyst reports. Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Loop Capital upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and increased their target price for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price objective 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. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Stock Performance

LOW opened at $261.39 on Monday. The business’s 50-day simple moving average is $260.10 and its 200 day simple moving average is $254.60. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01. The firm has a market capitalization of $147.59 billion, a PE ratio of 21.80, a PEG ratio of 2.08 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. Stockholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is presently 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.