Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Legacy Private Trust Co.

Legacy Private Trust Co. trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,177 shares of the home improvement retailer’s stock after selling 113 shares during the period. Legacy Private Trust Co.’s holdings in Lowe’s Companies were worth $7,694,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies in the third quarter valued at $27,000. JNBA Financial Advisors lifted its position in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. MFA Wealth Advisors LLC boosted its stake in shares of Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Lowe’s Companies in the second quarter valued at approximately $37,000. Finally, Tsfg LLC increased its stake in Lowe’s Companies by 128.2% during the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. DA Davidson increased their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Finally, Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Stock Performance

Lowe’s Companies stock traded up $0.27 during mid-day trading on Wednesday, reaching $246.84. 2,285,751 shares of the company were exchanged, compared to its average volume of 2,248,110. The firm’s 50-day simple moving average is $262.10 and its two-hundred day simple moving average is $252.97. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The firm has a market cap of $139.38 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently 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.