Sunflower Bank N.A. Grows Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Sunflower Bank N.A. boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,627 shares of the home improvement retailer’s stock after buying an additional 163 shares during the quarter. Sunflower Bank N.A.’s holdings in Lowe’s Companies were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Davis Investment Partners LLC raised its holdings in shares of Lowe’s Companies by 4.9% during the fourth quarter. Davis Investment Partners LLC now owns 955 shares of the home improvement retailer’s stock valued at $237,000 after acquiring an additional 45 shares during the last quarter. Eastern Bank increased its position in shares of Lowe’s Companies by 1.6% during the fourth quarter. Eastern Bank now owns 140,234 shares of the home improvement retailer’s stock worth $34,610,000 after purchasing an additional 2,195 shares in the last quarter. Forza Wealth Management LLC raised its stake in Lowe’s Companies by 13.0% in the 4th quarter. Forza Wealth Management LLC now owns 3,702 shares of the home improvement retailer’s stock valued at $914,000 after purchasing an additional 426 shares during the last quarter. Accelerate Investment Advisors LLC purchased a new position in Lowe’s Companies in the 4th quarter valued at $225,000. Finally, Cooper Financial Group lifted its holdings in Lowe’s Companies by 20.0% in the 4th quarter. Cooper Financial Group now owns 1,511 shares of the home improvement retailer’s stock valued at $373,000 after purchasing an additional 252 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on LOW shares. 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. Mizuho lifted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Truist Financial dropped their price target on shares of 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 raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by insiders.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded up $0.74 during trading hours on Monday, reaching $248.64. The stock had a trading volume of 2,685,160 shares, compared to its average volume of 2,351,597. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The firm’s 50 day moving average is $261.23 and its 200-day moving average is $253.51. The stock has a market capitalization of $140.39 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

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.