Equitable Trust Co. Grows Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Equitable Trust Co. grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,731 shares of the home improvement retailer’s stock after purchasing an additional 1,682 shares during the quarter. Equitable Trust Co.’s holdings in Lowe’s Companies were worth $3,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Crew Capital Management Ltd. increased its position in shares of Lowe’s Companies by 1.0% during the 3rd quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock valued at $1,049,000 after purchasing an additional 37 shares during the last quarter. Summit Place Financial Advisors LLC increased its holdings in Lowe’s Companies by 2.8% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock worth $372,000 after acquiring an additional 37 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Lowe’s Companies by 0.5% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after acquiring an additional 40 shares in the last quarter. Saxony Capital Management LLC increased its holdings in Lowe’s Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after acquiring an additional 40 shares in the last quarter. Finally, Powers Advisory Group LLC increased its holdings in Lowe’s Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.9 %

Shares of LOW opened at $252.17 on Monday. The company has a market cap of $142.39 billion, a PE ratio of 21.03, a P/E/G ratio of 2.04 and a beta of 1.11. The business has a fifty day moving average of $257.24 and a 200 day moving average of $257.92. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were given a $1.15 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.82%. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Insiders Place Their Bets

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 stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LOW. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Wells Fargo & Company increased their price objective 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. Finally, Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

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.