Brown Brothers Harriman & Co. Acquires 625 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Brown Brothers Harriman & Co. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,956 shares of the home improvement retailer’s stock after purchasing an additional 625 shares during the period. Brown Brothers Harriman & Co.’s holdings in Lowe’s Companies were worth $7,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Family Office LLC boosted its position in Lowe’s Companies by 1.1% during the third quarter. Boston Family Office LLC now owns 22,935 shares of the home improvement retailer’s stock valued at $6,212,000 after purchasing an additional 247 shares in the last quarter. Independent Advisor Alliance boosted its holdings in shares of Lowe’s Companies by 0.6% in the 3rd quarter. Independent Advisor Alliance now owns 53,766 shares of the home improvement retailer’s stock valued at $14,563,000 after buying an additional 322 shares in the last quarter. Bank of Hawaii grew its position in shares of Lowe’s Companies by 1.6% in the 3rd quarter. Bank of Hawaii now owns 5,091 shares of the home improvement retailer’s stock worth $1,379,000 after buying an additional 82 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in shares of Lowe’s Companies by 27.2% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 7,499 shares of the home improvement retailer’s stock worth $2,031,000 after buying an additional 1,602 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Lowe’s Companies by 10.4% during the third quarter. Daiwa Securities Group Inc. now owns 72,920 shares of the home improvement retailer’s stock valued at $19,750,000 after acquiring an additional 6,870 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on LOW. TD Cowen lifted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Evercore ISI boosted their target price on Lowe’s Companies from $255.00 to $270.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 20th. Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Wednesday, August 21st. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Finally, Barclays increased their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $277.92.

Lowe’s Companies Price Performance

NYSE:LOW opened at $275.33 on Tuesday. The company has a 50 day moving average price of $269.11 and a 200-day moving average price of $245.19. Lowe’s Companies, Inc. has a 1-year low of $196.32 and a 1-year high of $287.01. The firm has a market cap of $156.19 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a $1.15 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.67%. Lowe’s Companies’s payout ratio is presently 38.37%.

Lowe’s Companies 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.