Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Donald L. Hagan LLC

Donald L. Hagan LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,448 shares of the home improvement retailer’s stock after selling 187 shares during the period. Donald L. Hagan LLC’s holdings in Lowe’s Companies were worth $851,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clearbridge Investments LLC raised its holdings in Lowe’s Companies by 3.1% during the second quarter. Clearbridge Investments LLC now owns 334,326 shares of the home improvement retailer’s stock worth $73,706,000 after purchasing an additional 10,039 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Lowe’s Companies during the 2nd quarter valued at $67,000. Heritage Wealth Management Inc. bought a new stake in shares of Lowe’s Companies in the 2nd quarter worth $227,000. Prio Wealth Limited Partnership raised its stake in shares of Lowe’s Companies by 5.5% in the 2nd quarter. Prio Wealth Limited Partnership now owns 6,764 shares of the home improvement retailer’s stock worth $1,491,000 after buying an additional 350 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Lowe’s Companies by 69.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 74,500 shares of the home improvement retailer’s stock worth $16,424,000 after buying an additional 30,500 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated 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 in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is owned by insiders.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $264.12 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The business has a 50-day moving average of $259.13 and a two-hundred day moving average of $257.00. The stock has a market capitalization of $149.13 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.19 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LOW shares. Truist Financial dropped their price objective on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Royal Bank of Canada boosted their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

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.