Agate Pass Investment Management LLC Sells 65 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Agate Pass Investment Management LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,240 shares of the home improvement retailer’s stock after selling 65 shares during the quarter. Lowe’s Companies comprises about 1.5% of Agate Pass Investment Management LLC’s investment portfolio, making the stock its 20th biggest position. Agate Pass Investment Management LLC’s holdings in Lowe’s Companies were worth $3,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOW. StoneX Group Inc. acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at $2,713,000. Principal Financial Group Inc. raised its holdings in shares of Lowe’s Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after buying an additional 24,812 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Lowe’s Companies by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock worth $98,104,000 after buying an additional 4,435 shares in the last quarter. HM Payson & Co. grew its holdings in Lowe’s Companies by 1.1% during the 3rd quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock worth $58,409,000 after acquiring an additional 2,322 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Lowe’s Companies in the 3rd quarter valued at about $16,143,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW traded up $0.63 during midday trading on Monday, reaching $248.53. 972,786 shares of the company were exchanged, compared to its average volume of 2,119,756. Lowe’s Companies, Inc. has a one year low of $209.55 and a one year high of $287.01. The company’s fifty day moving average price is $261.23 and its 200 day moving average price is $253.51. The company has a market cap of $140.33 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is currently 38.37%.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies 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 in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LOW. Piper Sandler raised their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Thursday. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Truist Financial lowered their price target on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, TD Cowen upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Eleven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies has a consensus 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.