Boston Common Asset Management LLC Has $3.77 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

Boston Common Asset Management LLC lowered its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 32.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,258 shares of the home improvement retailer's stock after selling 7,364 shares during the period. Boston Common Asset Management LLC's holdings in Lowe's Companies were worth $3,766,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Legacy Investment Solutions LLC acquired a new position in Lowe's Companies in the third quarter worth $27,000. IFS Advisors LLC acquired a new position in Lowe's Companies during the 4th quarter worth about $25,000. JNBA Financial Advisors grew its holdings in Lowe's Companies by 555.6% during 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. Winch Advisory Services LLC increased its position in 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 valued at $30,000 after acquiring an additional 44 shares in the last quarter. Finally, MFA Wealth Advisors LLC raised its stake in shares of Lowe's Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after acquiring an additional 70 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Up 1.0 %

Shares of Lowe's Companies stock traded up $2.61 during trading on Friday, reaching $261.39. The company's stock had a trading volume of 2,758,504 shares, compared to its average volume of 1,989,226. The business's 50-day moving average price is $260.10 and its 200-day moving average price is $254.31. 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 PE ratio of 21.80, a P/E/G ratio of 2.08 and a beta of 1.11.

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 given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. Lowe's Companies's payout ratio is presently 38.37%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LOW shares. Piper Sandler increased their price target on shares of Lowe's Companies from $262.00 to $307.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Truist Financial dropped 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. Evercore ISI boosted 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 note on Thursday, December 12th. Barclays lifted their target price on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. Finally, Sanford C. Bernstein increased their price target on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average price target of $280.85.

Insider Transactions at Lowe's Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.26% of the company's stock.

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.