Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by Trust Co. of Vermont

Trust Co. of Vermont raised its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,239 shares of the home improvement retailer's stock after buying an additional 2,795 shares during the quarter. Lowe's Companies comprises 1.2% of Trust Co. of Vermont's holdings, making the stock its 17th largest position. Trust Co. of Vermont's holdings in Lowe's Companies were worth $24,245,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Premier Path Wealth Partners LLC lifted its position in Lowe's Companies by 7.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 6,122 shares of the home improvement retailer's stock valued at $1,511,000 after purchasing an additional 408 shares during the period. Arkadios Wealth Advisors increased its holdings in Lowe's Companies by 17.0% in the 4th quarter. Arkadios Wealth Advisors now owns 8,821 shares of the home improvement retailer's stock worth $2,177,000 after acquiring an additional 1,279 shares in the last quarter. Atwater Malick LLC raised its position in Lowe's Companies by 0.6% during the fourth quarter. Atwater Malick LLC now owns 30,486 shares of the home improvement retailer's stock worth $7,524,000 after acquiring an additional 178 shares during the period. Brooklyn Investment Group lifted its stake in Lowe's Companies by 5.1% in the 4th quarter. Brooklyn Investment Group now owns 4,272 shares of the home improvement retailer's stock valued at $1,054,000 after buying an additional 208 shares in the last quarter. Finally, Whitener Capital Management Inc. increased its stake in Lowe's Companies by 2.8% during the 4th quarter. Whitener Capital Management Inc. now owns 13,646 shares of the home improvement retailer's stock worth $3,368,000 after buying an additional 376 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In related 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 value of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Lowe's Companies Trading Up 1.0 %

Shares of LOW stock traded up $2.61 on Friday, reaching $261.39. 2,758,504 shares of the stock were exchanged, compared to its average volume of 1,989,226. Lowe's Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The company has a market capitalization of $147.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11. The business's 50 day moving average price is $260.10 and its 200 day moving average price is $254.60.

Lowe's Companies Announces Dividend

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

Analysts Set New Price Targets

LOW has been the subject of several research reports. Barclays boosted their price target on Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday. Royal Bank of Canada upped 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 note on Thursday, December 12th. Guggenheim reissued a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research note on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $280.85.

Lowe's Companies Company 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.