Lowe’s Companies, Inc. (NYSE:LOW) Stock Position Decreased by Wallington Asset Management LLC

Wallington Asset Management LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,946 shares of the home improvement retailer’s stock after selling 190 shares during the period. Wallington Asset Management LLC’s holdings in Lowe’s Companies were worth $10,846,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Premier Path Wealth Partners LLC raised its stake in shares of Lowe’s Companies by 7.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 6,122 shares of the home improvement retailer’s stock worth $1,511,000 after buying an additional 408 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in Lowe’s Companies by 17.0% in the 4th quarter. Arkadios Wealth Advisors now owns 8,821 shares of the home improvement retailer’s stock valued at $2,177,000 after acquiring an additional 1,279 shares during the last quarter. Atwater Malick LLC boosted its position in shares of Lowe’s Companies by 0.6% during the 4th quarter. Atwater Malick LLC now owns 30,486 shares of the home improvement retailer’s stock valued at $7,524,000 after purchasing an additional 178 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Lowe’s Companies by 5.1% in the 4th quarter. Brooklyn Investment Group now owns 4,272 shares of the home improvement retailer’s stock worth $1,054,000 after purchasing an additional 208 shares in the last quarter. Finally, Whitener Capital Management Inc. boosted its holdings in Lowe’s Companies by 2.8% during the fourth quarter. Whitener Capital Management Inc. now owns 13,646 shares of the home improvement retailer’s stock worth $3,368,000 after buying an additional 376 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LOW shares. Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $230.00 to $305.00 in a research report on Tuesday, September 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Sanford C. Bernstein lifted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Truist Financial cut their price target on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Stock Performance

LOW opened at $261.39 on Friday. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The firm has a market capitalization of $147.59 billion, a PE ratio of 21.80, a P/E/G ratio of 2.08 and a beta of 1.11. The company has a fifty day moving average price of $260.29 and a two-hundred day moving average price of $253.98.

Lowe’s Companies Dividend Announcement

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

Insider Activity at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

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.