Grandview Asset Management LLC Takes $642,000 Position in Lowe's Companies, Inc. (NYSE:LOW)

Grandview Asset Management LLC bought a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,602 shares of the home improvement retailer's stock, valued at approximately $642,000.

Several other institutional investors also recently modified their holdings of LOW. FMR LLC grew its stake in shares of Lowe's Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after buying an additional 2,399,897 shares during the last quarter. State Street Corp boosted its position in shares of Lowe's Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock valued at $6,774,948,000 after buying an additional 460,851 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Lowe's Companies by 1.6% during the third quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock valued at $3,169,041,000 after purchasing an additional 187,473 shares during the last quarter. Legal & General Group Plc boosted its holdings in Lowe's Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer's stock worth $1,147,603,000 after purchasing an additional 82,978 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Lowe's Companies by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer's stock worth $912,508,000 after purchasing an additional 39,953 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Price Performance

LOW traded up $2.64 on Tuesday, reaching $251.30. 2,055,046 shares of the stock were exchanged, compared to its average volume of 2,330,734. The company's 50-day moving average price is $260.90 and its 200 day moving average price is $253.71. The firm has a market capitalization of $141.90 billion, a PE ratio of 20.96, a PEG ratio of 2.20 and a beta of 1.11. Lowe's Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01.

Lowe's Companies Announces Dividend

The firm also recently declared 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. This represents a $4.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe's Companies's dividend payout ratio is presently 38.37%.

Analysts Set New Price Targets

LOW has been the topic of several research reports. Loop Capital raised Lowe's Companies from a "hold" rating to a "buy" rating and raised their target price for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. StockNews.com cut Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Barclays lifted their price target on shares of Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their price target on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Finally, Bank of America upped their price target on Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Eleven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $280.85.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.