Asset Dedication LLC Sells 4,476 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Asset Dedication LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 37.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,481 shares of the home improvement retailer’s stock after selling 4,476 shares during the quarter. Asset Dedication LLC’s holdings in Lowe’s Companies were worth $1,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFS Advisors LLC bought a new stake in Lowe’s Companies in the fourth quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies during the third quarter valued at $27,000. Winch Advisory Services LLC increased its stake in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the period. JNBA Financial Advisors increased its stake 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 valued at $32,000 after buying an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC grew its stake in 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 last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LOW shares. Truist Financial cut their target price on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Bank of America raised their price target on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. TD Cowen lifted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Barclays lifted their price target on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was 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 owns 16,703 shares in the company, 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 is available through this hyperlink. 0.26% of the stock is owned by insiders.

Lowe’s Companies Trading Down 1.4 %

Shares of Lowe’s Companies stock opened at $264.68 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $209.81 and a twelve month high of $287.01. The stock has a market capitalization of $149.45 billion, a P/E ratio of 22.07, a PEG ratio of 2.16 and a beta of 1.11. The business’s fifty day moving average price is $259.15 and its 200 day moving average price is $256.97.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors 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 1.74%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is currently 38.37%.

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.