True North Advisors LLC Purchases 1,116 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

True North Advisors LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 90.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,349 shares of the home improvement retailer’s stock after purchasing an additional 1,116 shares during the quarter. True North Advisors LLC’s holdings in Lowe’s Companies were worth $580,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Albion Financial Group UT grew its position in shares of Lowe’s Companies by 37,200.0% during the 4th quarter. Albion Financial Group UT now owns 1,119 shares of the home improvement retailer’s stock worth $276,000 after buying an additional 1,116 shares in the last quarter. Advisory Alpha LLC boosted its position in Lowe’s Companies by 5.5% during the 4th quarter. Advisory Alpha LLC now owns 3,740 shares of the home improvement retailer’s stock valued at $923,000 after acquiring an additional 194 shares in the last quarter. XML Financial LLC increased its holdings in shares of Lowe’s Companies by 5.3% in the 4th quarter. XML Financial LLC now owns 5,733 shares of the home improvement retailer’s stock valued at $1,415,000 after acquiring an additional 286 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Lowe’s Companies by 2.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 223,556 shares of the home improvement retailer’s stock worth $55,174,000 after acquiring an additional 5,745 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its position in Lowe’s Companies by 17.4% during the fourth quarter. Simon Quick Advisors LLC now owns 3,014 shares of the home improvement retailer’s stock valued at $744,000 after purchasing an additional 447 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This 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 through this hyperlink. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Mizuho boosted 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. TD Cowen raised their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Royal Bank of Canada upped their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Bank of America boosted their target price on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $258.04 on Thursday. Lowe’s Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01. The company has a fifty day moving average of $259.72 and a two-hundred day moving average of $255.58. The stock has a market capitalization of $145.70 billion, a PE ratio of 21.52, a P/E/G ratio of 2.22 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.78%. 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.