Savant Capital LLC Decreases Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Savant Capital LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,168 shares of the home improvement retailer’s stock after selling 173 shares during the period. Savant Capital LLC’s holdings in Lowe’s Companies were worth $4,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crew Capital Management Ltd. lifted its position in shares of Lowe’s Companies by 1.0% during the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock worth $1,049,000 after purchasing an additional 37 shares during the last quarter. Summit Place Financial Advisors LLC lifted its position in shares of Lowe’s Companies by 2.8% during the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock worth $372,000 after purchasing an additional 37 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Lowe’s Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after purchasing an additional 40 shares during the last quarter. Saxony Capital Management LLC lifted its position in shares of Lowe’s Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after purchasing an additional 40 shares during the last quarter. Finally, Powers Advisory Group LLC lifted its position in shares of Lowe’s Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after purchasing an additional 40 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $257.09 on Wednesday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a market cap of $145.17 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.04 and a beta of 1.11. The stock’s 50 day moving average price is $256.93 and its 200 day moving average price is $258.26.

Lowe’s Companies Dividend Announcement

The company also recently announced 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 1.79%. Lowe’s Companies’s payout ratio is 38.37%.

Analysts Set New Price Targets

LOW has been the topic of a number of recent research reports. Mizuho raised their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson raised their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada raised their target price on shares of 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 investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $280.88.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred on 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 transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.

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.