Asset Dedication LLC Sells 4,476 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Asset Dedication LLC lessened its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 37.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,481 shares of the home improvement retailer's stock after selling 4,476 shares during the quarter. Asset Dedication LLC's holdings in Lowe's Companies were worth $1,846,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LOW. FMR LLC increased its position in shares of Lowe's Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after purchasing an additional 2,399,897 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Lowe's Companies by 1,889.7% during the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock valued at $578,256,000 after buying an additional 2,027,668 shares during the last quarter. Applied Finance Capital Management LLC raised its position in Lowe's Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer's stock worth $219,761,000 after acquiring an additional 645,017 shares during the period. State Street Corp boosted its stake in shares of Lowe's Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after acquiring an additional 460,851 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Lowe's Companies by 219.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 458,343 shares of the home improvement retailer's stock valued at $124,142,000 after acquiring an additional 314,861 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Price Performance

Shares of NYSE LOW traded down $2.69 during mid-day trading on Wednesday, hitting $261.72. 2,092,021 shares of the company's stock traded hands, compared to its average volume of 2,296,442. Lowe's Companies, Inc. has a 1 year low of $210.10 and a 1 year high of $287.01. The company's 50-day moving average is $259.15 and its two-hundred day moving average is $256.97. The company has a market capitalization of $147.78 billion, a P/E ratio of 21.83, a PEG ratio of 2.16 and a beta of 1.11.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe's Companies's dividend payout ratio is currently 38.37%.

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 that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Sanford C. Bernstein lifted their target price on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. DA Davidson increased their target price on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a report on Wednesday, November 20th. Wedbush reaffirmed a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. Finally, Evercore ISI upped their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average target price of $280.85.

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.