AMF Tjanstepension AB reduced its position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 30.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,678 shares of the home improvement retailer’s stock after selling 35,131 shares during the quarter. AMF Tjanstepension AB’s holdings in Lowe’s Companies were worth $17,470,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Lowe’s Companies during the 1st quarter worth about $32,000. Inlight Wealth Management LLC acquired a new position in Lowe’s Companies in the first quarter worth about $36,000. TruNorth Capital Management LLC acquired a new position in Lowe’s Companies in the first quarter worth about $38,000. JNBA Financial Advisors lifted its stake in Lowe’s Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 100 shares during the period. Finally, Orion Capital Management LLC boosted its holdings in Lowe’s Companies by 34.2% during the first quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.
Lowe’s Companies Stock Performance
Shares of LOW stock opened at $246.24 on Friday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The stock has a market capitalization of $138.10 billion, a PE ratio of 20.23, a PEG ratio of 2.29 and a beta of 0.88. The stock’s fifty day moving average is $253.95 and its 200-day moving average is $234.08.
Lowe’s Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.
Analyst Upgrades and Downgrades
LOW has been the subject of a number of recent research reports. Stifel Nicolaus increased their target price on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a report on Monday, August 18th. Piper Sandler upped their price target on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Royal Bank Of Canada increased their price objective on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 21st. DA Davidson boosted their target price on shares of Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Finally, Robert W. Baird increased their target price on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $285.50.
Read Our Latest Analysis on LOW
Insider Transactions at Lowe’s Companies
In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the transaction, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by company insiders.
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.
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