Missouri Trust & Investment Co Cuts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Missouri Trust & Investment Co lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,305 shares of the home improvement retailer’s stock after selling 115 shares during the quarter. Missouri Trust & Investment Co’s holdings in Lowe’s Companies were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of LOW. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $27,000. IFS Advisors LLC bought a new stake in Lowe’s Companies in the fourth quarter worth $25,000. JNBA Financial Advisors boosted its position in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares during the period. Winch Advisory Services LLC grew its stake in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the last quarter. Finally, MFA Wealth Advisors LLC grew its stake in shares of Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $264.34 on Wednesday. The firm’s 50 day moving average price is $259.83 and its 200-day moving average price is $255.23. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01. The company has a market cap of $149.26 billion, a PE ratio of 22.05, a P/E/G ratio of 2.19 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.74%. Lowe’s Companies’s dividend payout ratio is 38.37%.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lifted their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company upped their target price on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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 on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

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.