Sompo Asset Management Co. Ltd. Has $639,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Sompo Asset Management Co. Ltd. lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 18.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,360 shares of the home improvement retailer’s stock after acquiring an additional 360 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Lowe’s Companies were worth $639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. StoneX Group Inc. bought a new position in Lowe’s Companies in the third quarter valued at approximately $2,713,000. Lane & Associates LLC acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $370,000. Kingsview Wealth Management LLC grew its stake in shares of Lowe’s Companies by 5.1% in the third quarter. Kingsview Wealth Management LLC now owns 38,163 shares of the home improvement retailer’s stock valued at $10,336,000 after buying an additional 1,858 shares in the last quarter. Cerity Partners LLC increased its holdings in Lowe’s Companies by 19.0% during the third quarter. Cerity Partners LLC now owns 210,662 shares of the home improvement retailer’s stock worth $57,058,000 after buying an additional 33,686 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in Lowe’s Companies by 1.8% during the third quarter. Great Valley Advisor Group Inc. now owns 33,164 shares of the home improvement retailer’s stock worth $8,982,000 after acquiring an additional 572 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LOW. Melius Research assumed coverage on shares of Lowe’s Companies in a research report on Monday, September 23rd. They issued a “buy” rating and a $290.00 price objective for the company. Royal Bank of Canada lifted their price target on Lowe’s Companies from $290.00 to $291.00 and gave the stock a “sector perform” rating in a report on Wednesday. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Stifel Nicolaus lifted their target price on Lowe’s Companies from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $277.92.

Lowe’s Companies Stock Down 0.2 %

Shares of LOW stock opened at $264.68 on Friday. The business has a fifty day simple moving average of $268.74 and a 200 day simple moving average of $244.83. The company has a market cap of $150.15 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.22 and a beta of 1.10. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.74%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Insider Activity at Lowe’s Companies

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

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.