Legato Capital Management LLC Has $1.54 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Legato Capital Management LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 52.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,251 shares of the home improvement retailer’s stock after selling 7,010 shares during the period. Legato Capital Management LLC’s holdings in Lowe’s Companies were worth $1,543,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. IFS Advisors LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the third quarter worth about $27,000. Winch Advisory Services LLC raised its holdings in shares of Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the last quarter. JNBA Financial Advisors raised its holdings in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, MFA Wealth Advisors LLC lifted its position in Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 70 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LOW has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Sanford C. Bernstein upped their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. TD Cowen lifted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus increased their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $280.88.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

Lowe’s Companies Stock Down 2.6 %

NYSE LOW opened at $250.32 on Thursday. The company has a market cap of $141.34 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The firm’s 50-day simple moving average is $256.59 and its two-hundred day simple moving average is $258.39.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is currently 38.37%.

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.