Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Evermay Wealth Management LLC

Evermay Wealth Management LLC cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,625 shares of the home improvement retailer’s stock after selling 338 shares during the quarter. Evermay Wealth Management LLC’s holdings in Lowe’s Companies were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Lowe’s Companies by 69.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 74,500 shares of the home improvement retailer’s stock valued at $16,424,000 after purchasing an additional 30,500 shares in the last quarter. AMF Tjanstepension AB grew its stake in Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares in the last quarter. Czech National Bank increased its holdings in Lowe’s Companies by 6.5% during the 3rd quarter. Czech National Bank now owns 116,081 shares of the home improvement retailer’s stock worth $31,441,000 after purchasing an additional 7,044 shares during the period. Curbstone Financial Management Corp raised its position in Lowe’s Companies by 8.4% in the 3rd quarter. Curbstone Financial Management Corp now owns 3,256 shares of the home improvement retailer’s stock valued at $882,000 after purchasing an additional 252 shares in the last quarter. Finally, Wiser Wealth Management Inc purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $225,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $259.91 on Friday. The firm has a market capitalization of $146.76 billion, a PE ratio of 21.68, a P/E/G ratio of 2.19 and a beta of 1.11. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The business has a 50-day moving average of $259.00 and a two-hundred day moving average of $257.24.

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 paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Insider Activity at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LOW shares. Guggenheim reaffirmed a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Mizuho raised their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Wells Fargo & Company boosted their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their target price on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Barclays lifted their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $280.85.

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.