Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Addenda Capital Inc.

Addenda Capital Inc. raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,218 shares of the home improvement retailer’s stock after purchasing an additional 309 shares during the quarter. Addenda Capital Inc.’s holdings in Lowe’s Companies were worth $8,939,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. AE Wealth Management LLC lifted its holdings in Lowe’s Companies by 52.7% during the 2nd quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer’s stock worth $4,027,000 after buying an additional 6,305 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Lowe’s Companies by 1.2% during the 2nd quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock worth $9,059,000 after buying an additional 488 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in Lowe’s Companies by 10,786.3% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 5,552 shares of the home improvement retailer’s stock worth $1,224,000 after buying an additional 5,501 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Lowe’s Companies by 45,250.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 202,715 shares of the home improvement retailer’s stock worth $44,691,000 after buying an additional 202,268 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in Lowe’s Companies by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 48,715 shares of the home improvement retailer’s stock worth $10,740,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of a number of research analyst reports. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Bank of America raised their price target on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Evercore ISI raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Stock Up 1.0 %

Shares of NYSE LOW opened at $261.39 on Tuesday. The stock has a market capitalization of $147.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.19 and a beta of 1.11. The stock’s fifty day simple moving average is $260.10 and its 200 day simple moving average is $254.89. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01.

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 issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Insider Buying and Selling

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 value of $1,974,915.26. Following the completion of the sale, the executive vice president now owns 16,703 shares of the company’s stock, 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 filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

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.