Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 27.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,499 shares of the home improvement retailer’s stock after purchasing an additional 1,602 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Lowe’s Companies were worth $2,031,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in Lowe’s Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock valued at $578,256,000 after acquiring an additional 2,027,668 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Lowe’s Companies by 20,275.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer’s stock worth $2,657,000 after purchasing an additional 1,199,100 shares in the last quarter. Applied Finance Capital Management LLC lifted its stake in Lowe’s Companies by 387.7% during the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock valued at $219,761,000 after purchasing an additional 645,017 shares during the last quarter. Marshall Wace LLP boosted its holdings in Lowe’s Companies by 170.5% during the second quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer’s stock worth $162,178,000 after buying an additional 463,645 shares in the last quarter. Finally, Hardin Capital Partners LLC bought a new stake in Lowe’s Companies during the second quarter worth approximately $74,763,000. Institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction dated 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 owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. The trade was a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Lowe’s Companies Stock Performance

Shares of LOW opened at $264.68 on Monday. The firm has a market cap of $150.15 billion, a PE ratio of 22.08, a PEG ratio of 2.22 and a beta of 1.10. The firm’s 50 day moving average price is $268.74 and its 200 day moving average price is $244.92. Lowe’s Companies, Inc. has a twelve month low of $196.23 and a twelve month high of $287.01.

Lowe’s Companies Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. DA Davidson raised their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Piper Sandler upped their target price on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and upped their price objective for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Finally, Melius Research assumed coverage on shares of Lowe’s Companies in a report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price for the company. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $277.92.

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.