Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Asset Dedication LLC

Asset Dedication LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 37.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,481 shares of the home improvement retailer’s stock after selling 4,476 shares during the period. Asset Dedication LLC’s holdings in Lowe’s Companies were worth $1,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. AQR Capital Management LLC grew its holdings in shares of Lowe’s Companies by 37.6% during the second quarter. AQR Capital Management LLC now owns 80,500 shares of the home improvement retailer’s stock valued at $17,664,000 after purchasing an additional 21,995 shares during the last quarter. Ascent Group LLC grew its holdings in shares of Lowe’s Companies by 12.0% during the second quarter. Ascent Group LLC now owns 4,028 shares of the home improvement retailer’s stock valued at $888,000 after purchasing an additional 432 shares during the last quarter. Magnolia Capital Advisors LLC bought a new position in shares of Lowe’s Companies during the second quarter valued at approximately $394,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Lowe’s Companies by 7.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 59,954 shares of the home improvement retailer’s stock valued at $13,218,000 after purchasing an additional 4,343 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of Lowe’s Companies by 2.8% during the second quarter. Sunbelt Securities Inc. now owns 6,952 shares of the home improvement retailer’s stock worth $1,533,000 after buying an additional 191 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LOW shares. Sanford C. Bernstein boosted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Evercore ISI boosted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Bank of America boosted their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Down 1.4 %

Shares of NYSE:LOW opened at $264.68 on Wednesday. The company’s fifty day moving average is $259.15 and its two-hundred day moving average is $256.97. Lowe’s Companies, Inc. has a 12-month low of $209.81 and a 12-month high of $287.01. The company has a market cap of $149.45 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders 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 1.74%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 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.