Harbor Investment Advisory LLC Has $2.37 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Harbor Investment Advisory LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,600 shares of the home improvement retailer’s stock after selling 92 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Lowe’s Companies were worth $2,369,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AE Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 52.7% during the second quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer’s stock worth $4,027,000 after acquiring an additional 6,305 shares in the last quarter. Pacer Advisors Inc. increased its position in Lowe’s Companies by 1.2% in the 2nd quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock worth $9,059,000 after purchasing an additional 488 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Lowe’s Companies by 10,786.3% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 5,552 shares of the home improvement retailer’s stock worth $1,224,000 after purchasing an additional 5,501 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Lowe’s Companies by 45,250.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 202,715 shares of the home improvement retailer’s stock valued at $44,691,000 after buying an additional 202,268 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of Lowe’s Companies by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 48,715 shares of the home improvement retailer’s stock valued at $10,740,000 after buying an additional 160 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Up 1.0 %

NYSE LOW opened at $261.39 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01. The company has a market capitalization of $147.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11. The stock’s 50 day moving average is $260.10 and its two-hundred day moving average is $254.89.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Truist Financial reduced their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. TD Cowen increased their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

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.