Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Saxony Capital Management LLC

Saxony Capital Management LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 994 shares of the home improvement retailer’s stock after purchasing an additional 40 shares during the quarter. Saxony Capital Management LLC’s holdings in Lowe’s Companies were worth $245,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Clearbridge Investments LLC lifted its holdings in shares of Lowe’s Companies by 3.1% in the second quarter. Clearbridge Investments LLC now owns 334,326 shares of the home improvement retailer’s stock valued at $73,706,000 after purchasing an additional 10,039 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $67,000. Heritage Wealth Management Inc. purchased a new stake in Lowe’s Companies in the 2nd quarter valued at approximately $227,000. Prio Wealth Limited Partnership grew its holdings in Lowe’s Companies by 5.5% during the 2nd quarter. Prio Wealth Limited Partnership now owns 6,764 shares of the home improvement retailer’s stock valued at $1,491,000 after buying an additional 350 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Lowe’s Companies by 69.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 74,500 shares of the home improvement retailer’s stock worth $16,424,000 after buying an additional 30,500 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Up 0.9 %

LOW opened at $264.12 on Friday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The stock has a market cap of $149.13 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11. The business’s 50 day moving average is $259.10 and its 200-day moving average is $257.05.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.74%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Evercore ISI upped their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. Royal Bank of Canada upped their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Sanford C. Bernstein boosted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Mizuho lifted their price target on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Bank of America upped their target price on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $280.85.

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.