Avity Investment Management Inc. Sells 200 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Avity Investment Management Inc. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,435 shares of the home improvement retailer’s stock after selling 200 shares during the period. Avity Investment Management Inc.’s holdings in Lowe’s Companies were worth $2,329,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Acropolis Investment Management LLC boosted its holdings in Lowe’s Companies by 5.0% during the fourth quarter. Acropolis Investment Management LLC now owns 8,066 shares of the home improvement retailer’s stock worth $1,991,000 after purchasing an additional 387 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Lowe’s Companies by 64.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,050 shares of the home improvement retailer’s stock worth $2,480,000 after buying an additional 3,939 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Lowe’s Companies by 21.5% during the 4th quarter. Park Avenue Securities LLC now owns 12,409 shares of the home improvement retailer’s stock worth $3,062,000 after buying an additional 2,196 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Lowe’s Companies by 4.5% during the 4th quarter. Kathmere Capital Management LLC now owns 2,908 shares of the home improvement retailer’s stock worth $718,000 after buying an additional 124 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Lowe’s Companies by 141.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 64,409 shares of the home improvement retailer’s stock valued at $15,896,000 after acquiring an additional 37,692 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on LOW shares. Wells Fargo & Company upped their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Melius Research initiated coverage on Lowe’s Companies in a report on Monday, September 23rd. They issued a “buy” rating and a $290.00 price objective for the company. Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and raised their target price for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Truist Financial dropped their price target on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Trading Up 1.1 %

NYSE LOW opened at $251.30 on Wednesday. The business has a fifty day simple moving average of $260.54 and a 200 day simple moving average of $253.93. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The firm has a market capitalization of $141.90 billion, a P/E ratio of 20.96, a PEG ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.83%. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Insider Activity at Lowe’s Companies

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

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.