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

Visionary Horizons LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,436 shares of the home improvement retailer’s stock after acquiring 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 quarter.

Other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB raised its position in Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after purchasing an additional 20,123 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of Lowe’s Companies during the third quarter worth approximately $232,000. Iowa State Bank raised its holdings in Lowe’s Companies by 1.5% in 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Lowe’s Companies by 333.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,894 shares of the home improvement retailer’s stock worth $1,325,000 after acquiring an additional 3,764 shares during the last quarter. Finally, MADDEN SECURITIES Corp acquired a new position in Lowe’s Companies during the 3rd quarter worth approximately $212,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Royal Bank of Canada lifted 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. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Sanford C. Bernstein increased their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten equities 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, the company presently has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Stock Performance

Shares of LOW opened at $252.17 on Friday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock has a market capitalization of $142.39 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.04 and a beta of 1.11. The company’s fifty day moving average is $257.24 and its two-hundred day moving average is $257.78.

Lowe’s Companies Dividend Announcement

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