Truvestments Capital LLC Buys 102 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Truvestments Capital LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,036 shares of the home improvement retailer’s stock after buying an additional 102 shares during the period. Truvestments Capital LLC’s holdings in Lowe’s Companies were worth $281,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LOW. Brown Brothers Harriman & Co. grew its holdings in shares of Lowe’s Companies by 2.2% during the third quarter. Brown Brothers Harriman & Co. now owns 28,956 shares of the home improvement retailer’s stock worth $7,843,000 after purchasing an additional 625 shares during the last quarter. Boston Family Office LLC boosted its position in Lowe’s Companies by 1.1% during the 3rd quarter. Boston Family Office LLC now owns 22,935 shares of the home improvement retailer’s stock worth $6,212,000 after buying an additional 247 shares during the period. Independent Advisor Alliance boosted its position in Lowe’s Companies by 0.6% during the 3rd quarter. Independent Advisor Alliance now owns 53,766 shares of the home improvement retailer’s stock worth $14,563,000 after buying an additional 322 shares during the period. Bank of Hawaii grew its holdings in Lowe’s Companies by 1.6% during the 3rd quarter. Bank of Hawaii now owns 5,091 shares of the home improvement retailer’s stock worth $1,379,000 after acquiring an additional 82 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC increased its position in Lowe’s Companies by 27.2% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 7,499 shares of the home improvement retailer’s stock valued at $2,031,000 after acquiring an additional 1,602 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LOW. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein decreased their price target on Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Melius Research started coverage on Lowe’s Companies in a research note on Monday, September 23rd. They issued a “buy” rating and a $290.00 price objective on the stock. TD Cowen upped their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Gordon Haskett lowered their price target on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $277.92.

Insiders Place Their Bets

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction dated 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Up 4.0 %

NYSE LOW opened at $275.33 on Tuesday. Lowe’s Companies, Inc. has a 52 week low of $196.32 and a 52 week high of $287.01. The business has a 50 day moving average price of $269.11 and a 200-day moving average price of $245.19. The company has a market cap of $156.19 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 2.22 and a beta of 1.10.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, October 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s payout ratio is 38.37%.

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.