Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Conning Inc.

Conning Inc. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,319 shares of the home improvement retailer’s stock after selling 528 shares during the period. Conning Inc.’s holdings in Lowe’s Companies were worth $1,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. StoneX Group Inc. bought a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $2,713,000. Principal Financial Group Inc. raised its holdings in Lowe’s Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock worth $175,944,000 after purchasing an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in Lowe’s Companies by 288.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock worth $4,696,000 after purchasing an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Lowe’s Companies by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock valued at $98,104,000 after purchasing an additional 4,435 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 308.0% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 28,315 shares of the home improvement retailer’s stock valued at $6,988,000 after purchasing an additional 21,375 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $252.17 on Friday. The business has a 50 day simple moving average of $257.65 and a 200 day simple moving average of $257.70. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The stock has a market cap of $142.39 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.18 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.82%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LOW. Evercore ISI upped their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Stifel Nicolaus raised their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Barclays increased their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Finally, Guggenheim restated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Insider Activity

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on Wednesday, November 27th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.