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

Baldwin Investment Management LLC reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,981 shares of the home improvement retailer’s stock after selling 600 shares during the period. Baldwin Investment Management LLC’s holdings in Lowe’s Companies were worth $2,703,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Street Partners LLC raised its holdings in shares of Lowe’s Companies by 33.6% in the third quarter. Principal Street Partners LLC now owns 5,211 shares of the home improvement retailer’s stock valued at $1,411,000 after buying an additional 1,311 shares during the last quarter. Avestar Capital LLC increased its position in Lowe’s Companies by 11.5% in the 3rd quarter. Avestar Capital LLC now owns 6,871 shares of the home improvement retailer’s stock valued at $1,861,000 after acquiring an additional 707 shares during the period. Brooklyn Investment Group raised its stake in Lowe’s Companies by 10.3% during the 3rd quarter. Brooklyn Investment Group now owns 4,064 shares of the home improvement retailer’s stock valued at $1,101,000 after acquiring an additional 378 shares during the last quarter. D.A. Davidson & CO. raised its stake in Lowe’s Companies by 0.9% during the 3rd quarter. D.A. Davidson & CO. now owns 138,783 shares of the home improvement retailer’s stock valued at $37,589,000 after acquiring an additional 1,234 shares during the last quarter. Finally, FMR LLC lifted its position in Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and upped their price target for the stock from $250.00 to $300.00 in a research note on Wednesday, October 9th. Mizuho raised their target price on shares of Lowe’s Companies from $280.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. TD Cowen increased their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Bank of America boosted their target price on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada increased their price objective on Lowe’s Companies from $290.00 to $291.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $277.92.

Lowe’s Companies Stock Down 0.3 %

Shares of NYSE:LOW opened at $274.48 on Wednesday. The company has a market cap of $155.71 billion, a P/E ratio of 22.89, a P/E/G ratio of 2.31 and a beta of 1.10. The business has a fifty day simple moving average of $269.47 and a 200-day simple moving average of $245.47. Lowe’s Companies, Inc. has a 52 week low of $196.32 and a 52 week high of $287.01.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a $1.15 dividend. The ex-dividend date was Wednesday, October 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a dividend yield of 1.68%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

Insider Activity at Lowe’s Companies

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. The trade was a 30.25 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

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.