First County Bank CT Lowers Stake in Lowe’s Companies, Inc. (NYSE:LOW)

First County Bank CT cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,085 shares of the home improvement retailer’s stock after selling 140 shares during the quarter. First County Bank CT’s holdings in Lowe’s Companies were worth $515,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Diversified Trust Co grew its stake in Lowe’s Companies by 12.8% in the fourth quarter. Diversified Trust Co now owns 44,392 shares of the home improvement retailer’s stock valued at $10,956,000 after purchasing an additional 5,021 shares during the last quarter. Advance Capital Management Inc. purchased a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $215,000. Capital Market Strategies LLC raised its stake in shares of Lowe’s Companies by 5.9% during the 4th quarter. Capital Market Strategies LLC now owns 2,785 shares of the home improvement retailer’s stock worth $687,000 after acquiring an additional 156 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of Lowe’s Companies by 2.3% during 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 acquiring an additional 301 shares in the last quarter. Finally, Pensionfund Sabic lifted its position in Lowe’s Companies by 45.5% during the fourth quarter. Pensionfund Sabic now owns 9,600 shares of the home improvement retailer’s stock valued at $2,369,000 after acquiring an additional 3,000 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

NYSE LOW traded down $2.55 during trading hours on Tuesday, reaching $247.19. The company’s stock had a trading volume of 968,350 shares, compared to its average volume of 2,028,700. The firm has a market capitalization of $139.58 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 2.20 and a beta of 1.11. The company’s 50-day moving average is $262.43 and its two-hundred day moving average is $252.84. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given 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 dividend yield of 1.86%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

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 that occurred 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 completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LOW. Evercore ISI increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Sanford C. Bernstein boosted their price target 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies 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. According to MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies 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.