Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 200.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,000 shares of the home improvement retailer’s stock after purchasing an additional 4,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Lowe’s Companies were worth $1,481,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Lowe’s Companies by 1.2% in the second quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock worth $9,059,000 after acquiring an additional 488 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Lowe’s Companies by 0.3% in the second quarter. Gabelli Funds LLC now owns 48,715 shares of the home improvement retailer’s stock worth $10,740,000 after acquiring an additional 160 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Lowe’s Companies by 34.1% in the second quarter. EverSource Wealth Advisors LLC now owns 4,282 shares of the home improvement retailer’s stock worth $944,000 after acquiring an additional 1,088 shares during the last quarter. Steel Grove Capital Advisors LLC acquired a new position in shares of Lowe’s Companies in the second quarter worth $252,000. Finally, Evergreen Capital Management LLC increased its stake in Lowe’s Companies by 12.7% in the second quarter. Evergreen Capital Management LLC now owns 25,937 shares of the home improvement retailer’s stock valued at $5,718,000 after purchasing an additional 2,925 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Sanford C. Bernstein upped their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Barclays boosted their price target on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. Finally, Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and boosted their price target for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $280.85.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’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 completion of the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $264.34 on Wednesday. The business has a 50 day simple moving average of $259.83 and a 200 day simple moving average of $255.23. The firm has a market capitalization of $149.26 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01.

Lowe’s Companies Announces Dividend

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

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.