Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,616 shares of the home improvement retailer’s stock after purchasing an additional 2,290 shares during the period. Blue Trust Inc.’s holdings in Lowe’s Companies were worth $3,688,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Lowe’s Companies by 37.6% in the second quarter. AQR Capital Management LLC now owns 80,500 shares of the home improvement retailer’s stock valued at $17,664,000 after acquiring an additional 21,995 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Lowe’s Companies by 12.0% in the second quarter. Mackenzie Financial Corp now owns 140,661 shares of the home improvement retailer’s stock valued at $31,010,000 after acquiring an additional 15,093 shares in the last quarter. Kathmere Capital Management LLC raised its stake in shares of Lowe’s Companies by 92.2% in the second quarter. Kathmere Capital Management LLC now owns 2,781 shares of the home improvement retailer’s stock valued at $613,000 after acquiring an additional 1,334 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 10.2% in the second quarter. SkyView Investment Advisors LLC now owns 1,979 shares of the home improvement retailer’s stock valued at $436,000 after acquiring an additional 183 shares in the last quarter. Finally, Ascent Group LLC raised its stake in shares of Lowe’s Companies by 12.0% in the second quarter. Ascent Group LLC now owns 4,028 shares of the home improvement retailer’s stock valued at $888,000 after acquiring an additional 432 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

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 stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on LOW shares. Royal Bank of Canada increased their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Truist Financial cut their price target on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Mizuho raised their price target on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. DA Davidson raised their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Barclays raised their price target on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Stock Up 0.4 %

NYSE LOW opened at $262.35 on Monday. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01. The business’s 50-day moving average price is $259.11 and its 200 day moving average price is $256.23. The firm has a market cap of $148.13 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.16 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 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.