Evolution Advisers Inc. Decreases Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Evolution Advisers Inc. cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 413 shares of the home improvement retailer’s stock after selling 50 shares during the period. Evolution Advisers Inc.’s holdings in Lowe’s Companies were worth $101,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LOW. AMF Tjanstepension AB raised its position in 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 purchasing an additional 20,123 shares during the last quarter. Wesbanco Bank Inc. grew its stake in shares of Lowe’s Companies by 17.9% during the 3rd quarter. Wesbanco Bank Inc. now owns 57,232 shares of the home improvement retailer’s stock worth $15,501,000 after purchasing an additional 8,683 shares during the period. Creative Planning grew its stake in Lowe’s Companies by 9.0% in the 3rd quarter. Creative Planning now owns 222,818 shares of the home improvement retailer’s stock valued at $59,002,000 after acquiring an additional 18,383 shares during the last quarter. Iams Wealth Management LLC grew its stake in Lowe’s Companies by 39.4% in the 3rd quarter. Iams Wealth Management LLC now owns 1,529 shares of the home improvement retailer’s stock valued at $414,000 after acquiring an additional 432 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. grew its stake in Lowe’s Companies by 5.5% in the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 1,506 shares of the home improvement retailer’s stock valued at $403,000 after acquiring an additional 78 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. 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.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. TD Cowen increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Evercore ISI raised their price objective on 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. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Barclays raised their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $280.88.

Lowe’s Companies Trading Up 0.3 %

Shares of Lowe’s Companies stock opened at $257.09 on Wednesday. The company has a 50 day moving average of $256.59 and a 200-day moving average of $258.39. The company has a market cap of $145.17 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

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.