Byrne Asset Management LLC Has $294,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Byrne Asset Management LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,190 shares of the home improvement retailer’s stock after selling 75 shares during the period. Byrne Asset Management LLC’s holdings in Lowe’s Companies were worth $294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB increased its position 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 worth $43,290,000 after buying an additional 20,123 shares during the period. Quotient Wealth Partners LLC boosted its holdings in Lowe’s Companies by 14.7% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,514 shares of the home improvement retailer’s stock valued at $681,000 after purchasing an additional 323 shares during the period. Tobam grew its position in shares of Lowe’s Companies by 36.7% during the 3rd quarter. Tobam now owns 730 shares of the home improvement retailer’s stock worth $198,000 after purchasing an additional 196 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in shares of Lowe’s Companies by 5.7% during the third quarter. Pinnacle Bancorp Inc. now owns 3,720 shares of the home improvement retailer’s stock worth $1,008,000 after purchasing an additional 200 shares during the period. Finally, Watts Gwilliam & Co. LLC acquired a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $232,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Bank of America raised their target price on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada boosted 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. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s 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 completion of the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $252.17 on Friday. The stock has a 50 day simple moving average of $257.65 and a two-hundred day simple moving average of $257.70. The company has a market cap of $142.39 billion, a P/E ratio of 21.03, a PEG ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two 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. Shareholders of record on Wednesday, January 22nd were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.82%. The ex-dividend date was 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.