Arbor Investment Advisors LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,275 shares of the home improvement retailer’s stock after selling 180 shares during the period. Lowe’s Companies accounts for 1.0% of Arbor Investment Advisors LLC’s holdings, making the stock its 17th biggest position. Arbor Investment Advisors LLC’s holdings in Lowe’s Companies were worth $4,617,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of LOW. Fiduciary Trust Co. grew its stake in shares of Lowe’s Companies by 5.4% in the fourth quarter. Fiduciary Trust Co. now owns 95,752 shares of the home improvement retailer’s stock valued at $15,369,000 after acquiring an additional 4,924 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Lowe’s Companies by 236.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 302,719 shares of the home improvement retailer’s stock valued at $48,589,000 after buying an additional 212,738 shares during the period. Global Trust Asset Management LLC grew its position in Lowe’s Companies by 3.2% during the fourth quarter. Global Trust Asset Management LLC now owns 18,137 shares of the home improvement retailer’s stock worth $2,911,000 after buying an additional 565 shares in the last quarter. Tennessee Valley Asset Management Partners raised its holdings in Lowe’s Companies by 100.3% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 9,020 shares of the home improvement retailer’s stock valued at $1,448,000 after acquiring an additional 4,517 shares in the last quarter. Finally, O Shares Investment Advisers LLC lifted its position in shares of Lowe’s Companies by 9.9% during the 4th quarter. O Shares Investment Advisers LLC now owns 23,875 shares of the home improvement retailer’s stock valued at $3,832,000 after acquiring an additional 2,147 shares during the period. Institutional investors own 76.11% of the company’s stock.
NYSE:LOW opened at $208.25 on Friday. The company has a market capitalization of $149.37 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.18 and a beta of 1.37. The business has a fifty day simple moving average of $179.71 and a two-hundred day simple moving average of $169.04. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.38 and a quick ratio of 0.57. Lowe’s Companies, Inc. has a 1 year low of $91.49 and a 1 year high of $205.07.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 5th. Shareholders of record on Wednesday, April 21st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, April 20th. This represents a $2.40 annualized dividend and a dividend yield of 1.15%. Lowe’s Companies’s dividend payout ratio is currently 41.96%.
In related news, Director David H. Batchelder acquired 6,250 shares of the firm’s stock in a transaction that occurred on Friday, February 26th. The shares were bought at an average cost of $159.48 per share, for a total transaction of $996,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.07% of the stock is owned by company insiders.
A number of equities research analysts have issued reports on LOW shares. Loop Capital increased their price objective on shares of Lowe’s Companies from $195.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, April 12th. Atlantic Securities upgraded Lowe’s Companies from a “neutral” rating to an “overweight” rating and set a $240.00 price target on the stock in a research note on Wednesday. Royal Bank of Canada upped their price target on Lowe’s Companies from $203.00 to $206.00 in a research report on Thursday, February 25th. Gordon Haskett raised shares of Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price target on the stock in a research report on Wednesday, March 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Lowe’s Companies from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $181.65.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
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