Boston Common Asset Management LLC Sells 7,364 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Boston Common Asset Management LLC trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 32.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,258 shares of the home improvement retailer’s stock after selling 7,364 shares during the period. Boston Common Asset Management LLC’s holdings in Lowe’s Companies were worth $3,766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC grew its position in Lowe’s Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after acquiring an additional 2,399,897 shares during the last quarter. State Street Corp grew its position in Lowe’s Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock valued at $6,774,948,000 after acquiring an additional 460,851 shares during the last quarter. Geode Capital Management LLC grew its position in Lowe’s Companies by 1.6% during the third quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer’s stock valued at $3,169,041,000 after acquiring an additional 187,473 shares during the last quarter. Legal & General Group Plc grew its position in Lowe’s Companies by 1.6% during the second quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer’s stock valued at $1,147,603,000 after acquiring an additional 82,978 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Lowe’s Companies by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer’s stock valued at $912,508,000 after acquiring an additional 39,953 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by insiders.

Lowe’s Companies Trading Up 1.0 %

Shares of LOW stock opened at $261.39 on Friday. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The stock has a market cap of $147.59 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The company’s fifty day moving average price is $260.29 and its 200-day moving average price is $253.98.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Analysts Set New Price Targets

A number of brokerages have commented on LOW. Piper Sandler increased their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Sanford C. Bernstein increased their price objective 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. Wedbush reissued a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Melius Research started coverage on Lowe’s Companies in a research note on Monday, September 23rd. They set a “buy” rating and a $290.00 price objective for the company. Finally, Evercore ISI increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

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.