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

St. Johns Investment Management Company LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the 4th quarter, HoldingsChannel reports. The firm owned 5,321 shares of the home improvement retailer’s stock after selling 80 shares during the period. St. Johns Investment Management Company LLC’s holdings in Lowe’s Companies were worth $1,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in Lowe’s Companies by 17.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,573 shares of the home improvement retailer’s stock valued at $388,000 after purchasing an additional 237 shares during the last quarter. Financial Partners Group LLC grew its holdings in Lowe’s Companies by 0.7% in the 4th quarter. Financial Partners Group LLC now owns 6,306 shares of the home improvement retailer’s stock valued at $1,556,000 after buying an additional 45 shares during the period. Brighton Jones LLC increased its stake in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after acquiring an additional 17,413 shares during the last quarter. Cerro Pacific Wealth Advisors LLC lifted its holdings in shares of Lowe’s Companies by 0.4% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 12,108 shares of the home improvement retailer’s stock worth $3,279,000 after acquiring an additional 51 shares during the period. Finally, Key Client Fiduciary Advisors LLC boosted its position in shares of Lowe’s Companies by 15.4% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 2,856 shares of the home improvement retailer’s stock worth $705,000 after acquiring an additional 381 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 1.2 %

Shares of Lowe’s Companies stock opened at $261.16 on Friday. The business has a 50-day moving average price of $259.44 and a 200 day moving average price of $255.60. Lowe’s Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01. The firm has a market cap of $147.47 billion, a P/E ratio of 21.78, a P/E/G ratio of 2.16 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently declared 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. This represents a $4.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Insider Buying and Selling

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 sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LOW has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and increased their target price for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Truist Financial cut their price objective on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Royal Bank of Canada boosted their target price on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.