Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Clarius Group LLC

Clarius Group LLC reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,862 shares of the home improvement retailer’s stock after selling 56 shares during the quarter. Clarius Group LLC’s holdings in Lowe’s Companies were worth $1,447,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Intech Investment Management LLC boosted its position in shares of Lowe’s Companies by 1.7% in the second quarter. Intech Investment Management LLC now owns 17,829 shares of the home improvement retailer’s stock worth $3,931,000 after acquiring an additional 298 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Lowe’s Companies by 52.9% during the second quarter. Canada Pension Plan Investment Board now owns 508,678 shares of the home improvement retailer’s stock worth $112,143,000 after purchasing an additional 176,048 shares during the period. AE Wealth Management LLC boosted its holdings in Lowe’s Companies by 52.7% in the second quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer’s stock valued at $4,027,000 after acquiring an additional 6,305 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Lowe’s Companies by 1.2% in the 2nd quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock valued at $9,059,000 after purchasing an additional 488 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Lowe’s Companies by 2.0% during the 2nd quarter. Sei Investments Co. now owns 480,491 shares of the home improvement retailer’s stock worth $105,927,000 after purchasing an additional 9,228 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Up 1.0 %

Shares of LOW opened at $261.39 on Friday. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The firm has a market cap of $147.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11. The stock has a 50 day moving average of $260.10 and a 200-day moving average of $254.31.

Lowe’s Companies Dividend Announcement

The firm also recently announced 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 is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.76%. Lowe’s Companies’s payout ratio is 38.37%.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were 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 owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The sale 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.

Analyst Ratings Changes

LOW has been the topic of several research reports. Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. 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 report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

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.