Kings Path Partners LLC Sells 1,363 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Kings Path Partners LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,767 shares of the home improvement retailer’s stock after selling 1,363 shares during the quarter. Kings Path Partners LLC’s holdings in Lowe’s Companies were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Capital Market Strategies LLC lifted its stake in Lowe’s Companies by 5.9% during the fourth quarter. Capital Market Strategies LLC now owns 2,785 shares of the home improvement retailer’s stock worth $687,000 after purchasing an additional 156 shares during the last quarter. CWA Asset Management Group LLC lifted its position in Lowe’s Companies by 2.3% in the 4th quarter. CWA Asset Management Group LLC now owns 13,228 shares of the home improvement retailer’s stock worth $3,265,000 after buying an additional 301 shares during the last quarter. Pensionfund Sabic boosted its stake in Lowe’s Companies by 45.5% in the fourth quarter. Pensionfund Sabic now owns 9,600 shares of the home improvement retailer’s stock worth $2,369,000 after buying an additional 3,000 shares in the last quarter. Everence Capital Management Inc. grew its position in Lowe’s Companies by 9.3% during the fourth quarter. Everence Capital Management Inc. now owns 20,269 shares of the home improvement retailer’s stock valued at $5,002,000 after acquiring an additional 1,720 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Lowe’s Companies by 16.0% during the fourth quarter. GAMMA Investing LLC now owns 6,162 shares of the home improvement retailer’s stock worth $1,521,000 after acquiring an additional 850 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Piper Sandler raised their price objective on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Truist Financial dropped their target price on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Royal Bank of Canada lifted 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. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Trading Up 1.1 %

Lowe’s Companies stock traded up $2.61 during mid-day trading on Monday, hitting $251.09. The company had a trading volume of 1,111,903 shares, compared to its average volume of 1,893,805. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The stock’s 50 day moving average price is $262.80 and its two-hundred day moving average price is $252.69. The company has a market capitalization of $141.78 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.83%. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

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.