Chesley Taft & Associates LLC Reduces Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Chesley Taft & Associates LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,502 shares of the home improvement retailer’s stock after selling 446 shares during the period. Chesley Taft & Associates LLC’s holdings in Lowe’s Companies were worth $4,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies in the 3rd quarter worth $27,000. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $25,000. JNBA Financial Advisors raised its position in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Winch Advisory Services LLC lifted its stake in shares of Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Finally, MFA Wealth Advisors LLC boosted its position in shares of Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock opened at $261.39 on Tuesday. The business’s 50-day moving average is $259.83 and its two-hundred day moving average is $255.23. The company has a market cap of $147.59 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 2.19 and a beta of 1.11. Lowe’s Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given 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 1.76%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Mizuho raised their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Evercore ISI lifted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday. 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. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to 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 Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by corporate 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.