Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Visionary Horizons LLC

Visionary Horizons LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,436 shares of the home improvement retailer’s stock after buying an additional 196 shares during the quarter. Visionary Horizons LLC’s holdings in Lowe’s Companies were worth $601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB grew its holdings 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 valued at $43,290,000 after buying an additional 20,123 shares during the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at $232,000. Iowa State Bank boosted its stake in shares of Lowe’s Companies by 1.5% during the third quarter. Iowa State Bank now owns 16,276 shares of the home improvement retailer’s stock valued at $4,408,000 after acquiring an additional 247 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Lowe’s Companies by 333.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,894 shares of the home improvement retailer’s stock valued at $1,325,000 after acquiring an additional 3,764 shares during the last quarter. Finally, MADDEN SECURITIES Corp purchased a new stake in Lowe’s Companies during the 3rd quarter worth about $212,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares of the company’s stock, 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 accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LOW. Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Sanford C. Bernstein raised their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Truist Financial lowered their price objective on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Ten 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.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Stock Performance

LOW stock opened at $252.17 on Friday. The stock has a 50-day simple moving average of $257.24 and a 200-day simple moving average of $257.78. The firm has a market cap of $142.39 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.82%. Lowe’s Companies’s dividend payout ratio is currently 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.