1,364 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Purchased by Lane & Associates LLC

Lane & Associates LLC acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,364 shares of the home improvement retailer’s stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Price T Rowe Associates Inc. MD increased its position in shares of Lowe’s Companies by 36.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,840,704 shares of the home improvement retailer’s stock worth $468,884,000 after acquiring an additional 493,180 shares during the period. Mount Yale Investment Advisors LLC increased its position in shares of Lowe’s Companies by 56.1% during the first quarter. Mount Yale Investment Advisors LLC now owns 4,642 shares of the home improvement retailer’s stock worth $1,182,000 after acquiring an additional 1,669 shares during the period. Ascent Group LLC increased its position in shares of Lowe’s Companies by 4.3% during the first quarter. Ascent Group LLC now owns 3,596 shares of the home improvement retailer’s stock worth $916,000 after acquiring an additional 148 shares during the period. Captrust Financial Advisors increased its position in shares of Lowe’s Companies by 18.3% during the first quarter. Captrust Financial Advisors now owns 724,325 shares of the home improvement retailer’s stock worth $184,507,000 after acquiring an additional 111,930 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its position in shares of Lowe’s Companies by 15.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 46,509 shares of the home improvement retailer’s stock worth $11,847,000 after acquiring an additional 6,212 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The trade was a 41.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Down 0.2 %

NYSE:LOW opened at $264.68 on Friday. Lowe’s Companies, Inc. has a 12 month low of $196.23 and a 12 month high of $287.01. The firm has a fifty day simple moving average of $268.74 and a 200-day simple moving average of $244.83. The company has a market capitalization of $150.15 billion, a P/E ratio of 22.08, a PEG ratio of 2.22 and a beta of 1.10.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a dividend of $1.15 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Wednesday, October 23rd. Lowe’s Companies’s payout ratio is presently 38.37%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial raised their target price on shares of Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday. Mizuho increased their price objective on shares of Lowe’s Companies from $280.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company increased their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.92.

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.