Sumitomo Mitsui Trust Group Inc. Has $318.83 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Sumitomo Mitsui Trust Group Inc. lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,291,837 shares of the home improvement retailer’s stock after selling 3,787 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Lowe’s Companies worth $318,825,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. Strategic Financial Concepts LLC raised its stake in Lowe’s Companies by 24,531.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock worth $303,096,000 after buying an additional 1,223,116 shares during the last quarter. Iron Horse Wealth Management LLC grew its holdings in Lowe’s Companies by 28.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 405 shares of the home improvement retailer’s stock worth $100,000 after acquiring an additional 90 shares during the period. Consolidated Portfolio Review Corp bought a new position in shares of Lowe’s Companies in the 4th quarter worth about $304,000. GHP Investment Advisors Inc. lifted its stake in shares of Lowe’s Companies by 8.0% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,147 shares of the home improvement retailer’s stock valued at $283,000 after purchasing an additional 85 shares during the period. Finally, Silver Oak Securities Incorporated boosted its position in shares of Lowe’s Companies by 94.4% during the 4th quarter. Silver Oak Securities Incorporated now owns 5,026 shares of the home improvement retailer’s stock valued at $1,240,000 after purchasing an additional 2,440 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred on 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. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Down 0.9 %

Shares of Lowe’s Companies stock opened at $256.08 on Friday. The firm has a market capitalization of $144.59 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.18 and a beta of 1.11. The business’s fifty day simple moving average is $257.99 and its 200 day simple moving average is $257.71. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were issued a dividend of $1.15 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.80%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Guggenheim reiterated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. TD Cowen boosted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Royal Bank of Canada raised their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, DA Davidson increased their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $280.85.

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.