Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Associated Banc Corp

Associated Banc Corp decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,626 shares of the home improvement retailer’s stock after selling 239 shares during the period. Lowe’s Companies comprises approximately 1.2% of Associated Banc Corp’s portfolio, making the stock its 21st largest position. Associated Banc Corp’s holdings in Lowe’s Companies were worth $41,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Diversified LLC boosted its holdings in shares of Lowe’s Companies by 4.0% in the 3rd quarter. Diversified LLC now owns 1,799 shares of the home improvement retailer’s stock valued at $487,000 after buying an additional 70 shares in the last quarter. Truvestments Capital LLC boosted its position in shares of Lowe’s Companies by 10.9% during the 3rd quarter. Truvestments Capital LLC now owns 1,036 shares of the home improvement retailer’s stock worth $281,000 after purchasing an additional 102 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Lowe’s Companies by 2.2% in the third quarter. Brown Brothers Harriman & Co. now owns 28,956 shares of the home improvement retailer’s stock valued at $7,843,000 after purchasing an additional 625 shares during the period. Boston Family Office LLC raised its position in shares of Lowe’s Companies by 1.1% during the 3rd quarter. Boston Family Office LLC now owns 22,935 shares of the home improvement retailer’s stock worth $6,212,000 after purchasing an additional 247 shares during the last quarter. Finally, Independent Advisor Alliance increased its stake in shares of Lowe’s Companies by 0.6% during the 3rd quarter. Independent Advisor Alliance now owns 53,766 shares of the home improvement retailer’s stock valued at $14,563,000 after acquiring an additional 322 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded up $5.85 during midday trading on Monday, reaching $270.53. The stock had a trading volume of 125,770 shares, compared to its average volume of 2,436,904. Lowe’s Companies, Inc. has a twelve month low of $196.32 and a twelve month high of $287.01. The firm has a market cap of $153.47 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.22 and a beta of 1.10. The firm’s fifty day simple moving average is $268.74 and its two-hundred day simple moving average is $244.92.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $1.15 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

Analysts Set New Price Targets

A number of research analysts have weighed in on LOW shares. JPMorgan Chase & Co. reduced their price target on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Sanford C. Bernstein lowered their target price on Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Mizuho increased their target price on Lowe’s Companies from $280.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $277.92.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

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.