Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Decreased by Stone Summit Wealth LLC

Stone Summit Wealth LLC decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,667 shares of the home improvement retailer’s stock after selling 284 shares during the quarter. Stone Summit Wealth LLC’s holdings in Lowe’s Companies were worth $3,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. AMF Tjanstepension AB increased its holdings in shares of Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after acquiring an additional 20,123 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Lowe’s Companies by 333.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,894 shares of the home improvement retailer’s stock valued at $1,325,000 after purchasing an additional 3,764 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Lowe’s Companies by 2.8% during the third quarter. Valeo Financial Advisors LLC now owns 9,522 shares of the home improvement retailer’s stock worth $2,578,000 after purchasing an additional 256 shares during the period. Ritholtz Wealth Management lifted its position in shares of Lowe’s Companies by 30.5% in the 3rd quarter. Ritholtz Wealth Management now owns 13,394 shares of the home improvement retailer’s stock worth $3,628,000 after buying an additional 3,134 shares during the last quarter. Finally, Mechanics Bank Trust Department boosted its holdings in shares of Lowe’s Companies by 8.0% in the 3rd quarter. Mechanics Bank Trust Department now owns 9,876 shares of the home improvement retailer’s stock valued at $2,675,000 after buying an additional 731 shares during the period. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Mizuho increased their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. TD Cowen boosted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Evercore ISI increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’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 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 approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Down 1.9 %

Shares of Lowe’s Companies stock opened at $252.17 on Monday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a market capitalization of $142.39 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The stock’s fifty day moving average is $257.24 and its 200-day moving average is $257.92.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.82%. Lowe’s Companies’s payout ratio is presently 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.