Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Cut by New Republic Capital LLC

New Republic Capital LLC cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 22.8% during the 4th quarter, Holdings Channel reports. The firm owned 1,500 shares of the home improvement retailer’s stock after selling 444 shares during the period. New Republic Capital LLC’s holdings in Lowe’s Companies were worth $370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealthcare Capital Partners LLC bought a new stake in Lowe’s Companies in the fourth quarter worth about $662,000. Sovran Advisors LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $1,456,000. Hartline Investment Corp raised its holdings in shares of Lowe’s Companies by 1.8% in the 4th quarter. Hartline Investment Corp now owns 31,816 shares of the home improvement retailer’s stock worth $7,852,000 after purchasing an additional 552 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Lowe’s Companies during the fourth quarter valued at approximately $5,115,000. Finally, Sapient Capital LLC boosted its holdings in Lowe’s Companies by 1.7% during the fourth quarter. Sapient Capital LLC now owns 3,989 shares of the home improvement retailer’s stock worth $985,000 after buying an additional 66 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wedbush reiterated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. TD Cowen boosted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Mizuho upped their price target on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, DA Davidson boosted their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred 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 approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Up 1.9 %

Shares of NYSE LOW opened at $256.69 on Tuesday. The firm has a market capitalization of $144.94 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.04 and a beta of 1.11. The business has a fifty day simple moving average of $257.24 and a 200 day simple moving average of $258.11. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.

Lowe’s Companies Announces Dividend

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. This represents a $4.60 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

About Lowe’s Companies

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.