Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Iowa State Bank

Iowa State Bank cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,068 shares of the home improvement retailer’s stock after selling 208 shares during the quarter. Iowa State Bank’s holdings in Lowe’s Companies were worth $3,966,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Savant Capital LLC increased its position in shares of Lowe’s Companies by 6.4% in the second quarter. Savant Capital LLC now owns 17,979 shares of the home improvement retailer’s stock worth $3,964,000 after acquiring an additional 1,074 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Lowe’s Companies by 6.4% in the second quarter. SRS Capital Advisors Inc. now owns 3,367 shares of the home improvement retailer’s stock valued at $742,000 after purchasing an additional 204 shares during the period. Parcion Private Wealth LLC lifted its stake in shares of Lowe’s Companies by 11.9% during the second quarter. Parcion Private Wealth LLC now owns 968 shares of the home improvement retailer’s stock worth $213,000 after purchasing an additional 103 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in shares of Lowe’s Companies by 20,275.6% in the second quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer’s stock worth $2,657,000 after buying an additional 1,199,100 shares during the period. Finally, Chris Bulman Inc acquired a new stake in shares of Lowe’s Companies in the second quarter valued at about $123,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Up 1.1 %

Shares of NYSE:LOW traded up $2.61 during trading on Monday, hitting $251.09. 1,111,903 shares of the company traded hands, compared to its average volume of 1,893,805. The stock has a market capitalization of $141.78 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 2.20 and a beta of 1.11. Lowe’s Companies, Inc. has a one year low of $209.55 and a one year high of $287.01. The business’s fifty day moving average is $262.80 and its 200-day moving average is $252.69.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LOW. Royal Bank of Canada upped their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. TD Cowen upped their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Evercore ISI boosted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Truist Financial lowered their target price on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $280.85.

About Lowe’s Companies

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.