Plimoth Trust Co. LLC Has $3.96 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Plimoth Trust Co. LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 16,040 shares of the home improvement retailer’s stock after selling 150 shares during the period. Lowe’s Companies makes up approximately 1.0% of Plimoth Trust Co. LLC’s portfolio, making the stock its 29th biggest holding. Plimoth Trust Co. LLC’s holdings in Lowe’s Companies were worth $3,959,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Crew Capital Management Ltd. boosted its stake in shares of Lowe’s Companies by 1.0% in the 3rd quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock worth $1,049,000 after buying an additional 37 shares during the last quarter. Summit Place Financial Advisors LLC boosted its stake in shares of Lowe’s Companies by 2.8% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock worth $372,000 after buying an additional 37 shares during the last quarter. Clean Yield Group boosted its stake in shares of Lowe’s Companies by 2.4% in the 3rd quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer’s stock worth $433,000 after buying an additional 38 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of Lowe’s Companies by 0.5% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after buying an additional 40 shares during the last quarter. Finally, Chapin Davis Inc. raised its holdings in shares of Lowe’s Companies by 1.3% in the 3rd quarter. Chapin Davis Inc. now owns 3,082 shares of the home improvement retailer’s stock worth $835,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on LOW. Wells Fargo & Company lifted their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. TD Cowen lifted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Bank of America lifted their price target on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $280.85.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred on 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. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Up 0.5 %

Shares of Lowe’s Companies stock traded up $1.22 during trading on Wednesday, hitting $265.63. The stock had a trading volume of 133,518 shares, compared to its average volume of 2,186,935. The firm has a market cap of $149.99 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.16 and a beta of 1.11. Lowe’s Companies, Inc. has a 12 month low of $210.10 and a 12 month high of $287.01. The business’s 50-day moving average is $259.15 and its 200 day moving average is $256.97.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

Lowe’s Companies Company 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.