Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,981 shares of the home improvement retailer’s stock after selling 600 shares during the quarter. Baldwin Investment Management LLC’s holdings in Lowe’s Companies were worth $2,703,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LOW. Tidal Investments LLC grew its position in shares of Lowe’s Companies by 24.2% in the first quarter. Tidal Investments LLC now owns 27,608 shares of the home improvement retailer’s stock valued at $7,028,000 after purchasing an additional 5,384 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in shares of Lowe’s Companies in the first quarter worth approximately $713,000. Hancock Whitney Corp increased its position in shares of Lowe’s Companies by 1.8% during the first quarter. Hancock Whitney Corp now owns 5,138 shares of the home improvement retailer’s stock worth $1,309,000 after purchasing an additional 93 shares in the last quarter. XML Financial LLC raised its stake in Lowe’s Companies by 38.2% in the 1st quarter. XML Financial LLC now owns 5,525 shares of the home improvement retailer’s stock valued at $1,408,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its holdings in Lowe’s Companies by 655.9% in the 1st quarter. Plato Investment Management Ltd now owns 6,304 shares of the home improvement retailer’s stock valued at $1,606,000 after purchasing an additional 5,470 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 0.3 %

NYSE:LOW opened at $274.48 on Wednesday. The company has a market cap of $155.71 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. Lowe’s Companies, Inc. has a 52 week low of $196.32 and a 52 week high of $287.01. The company has a fifty day simple moving average of $269.47 and a two-hundred day simple moving average of $245.47.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a dividend of $1.15 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.68%. Lowe’s Companies’s dividend payout ratio is 38.37%.

Insider Activity

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the sale, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research reports. Truist Financial upped their target price on shares of Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Wednesday, August 21st. Bank of America boosted their target price on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Tuesday, November 19th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $277.92.

Lowe’s Companies 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.