Wallington Asset Management LLC Has $10.85 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Wallington Asset Management LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 0.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 43,946 shares of the home improvement retailer’s stock after selling 190 shares during the quarter. Wallington Asset Management LLC’s holdings in Lowe’s Companies were worth $10,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LOW. Premier Path Wealth Partners LLC raised its holdings in shares of Lowe’s Companies by 7.1% during the 4th quarter. Premier Path Wealth Partners LLC now owns 6,122 shares of the home improvement retailer’s stock worth $1,511,000 after buying an additional 408 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Lowe’s Companies by 17.0% in the fourth quarter. Arkadios Wealth Advisors now owns 8,821 shares of the home improvement retailer’s stock worth $2,177,000 after acquiring an additional 1,279 shares during the last quarter. Atwater Malick LLC boosted its stake in shares of Lowe’s Companies by 0.6% in the 4th quarter. Atwater Malick LLC now owns 30,486 shares of the home improvement retailer’s stock valued at $7,524,000 after purchasing an additional 178 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Lowe’s Companies by 5.1% during the fourth quarter. Brooklyn Investment Group now owns 4,272 shares of the home improvement retailer’s stock worth $1,054,000 after buying an additional 208 shares during the last quarter. Finally, Whitener Capital Management Inc. lifted its stake in shares of Lowe’s Companies by 2.8% in the 4th quarter. Whitener Capital Management Inc. now owns 13,646 shares of the home improvement retailer’s stock valued at $3,368,000 after acquiring an additional 376 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW opened at $261.39 on Friday. The firm’s 50 day simple moving average is $260.29 and its 200 day simple moving average is $253.98. The company has a market capitalization of $147.59 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.08 and a beta of 1.11. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a $1.15 dividend. 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 1.76%. Lowe’s Companies’s payout ratio is 38.37%.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Piper Sandler increased their price objective on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $280.85.

View Our Latest Report on Lowe’s Companies

Lowe’s Companies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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