Slow Capital Inc. Sells 548 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Slow Capital Inc. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,981 shares of the home improvement retailer’s stock after selling 548 shares during the quarter. Slow Capital Inc.’s holdings in Lowe’s Companies were worth $3,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Baldwin Wealth Partners LLC MA grew its stake in shares of Lowe’s Companies by 32.7% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 1,212 shares of the home improvement retailer’s stock worth $299,000 after purchasing an additional 299 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in Lowe’s Companies by 0.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 26,668 shares of the home improvement retailer’s stock worth $6,582,000 after buying an additional 186 shares during the period. Mount Yale Investment Advisors LLC grew its position in shares of Lowe’s Companies by 46.1% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 7,094 shares of the home improvement retailer’s stock valued at $1,751,000 after buying an additional 2,239 shares during the last quarter. Valued Wealth Advisors LLC increased its stake in shares of Lowe’s Companies by 177.8% in the fourth quarter. Valued Wealth Advisors LLC now owns 200 shares of the home improvement retailer’s stock valued at $49,000 after buying an additional 128 shares during the period. Finally, McLean Asset Management Corp raised its position in shares of Lowe’s Companies by 11.8% during the fourth quarter. McLean Asset Management Corp now owns 1,100 shares of the home improvement retailer’s stock worth $271,000 after acquiring an additional 116 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $268.34 on Tuesday. Lowe’s Companies, Inc. has a 52 week low of $209.81 and a 52 week high of $287.01. The firm has a 50-day moving average price of $259.11 and a two-hundred day moving average price of $256.48. The firm has a market cap of $151.52 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm 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 $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.71%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Wells Fargo & Company boosted their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Barclays increased their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. TD Cowen boosted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Truist Financial decreased their target price 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. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated 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 of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

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.