SeaTown Holdings Pte. Ltd. Trims Holdings in Lowe's Companies, Inc. (NYSE:LOW)

SeaTown Holdings Pte. Ltd. trimmed its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 67.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,559 shares of the home improvement retailer's stock after selling 23,900 shares during the period. Lowe's Companies makes up approximately 2.0% of SeaTown Holdings Pte. Ltd.'s investment portfolio, making the stock its 16th largest position. SeaTown Holdings Pte. Ltd.'s holdings in Lowe's Companies were worth $2,853,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies during the 3rd quarter worth approximately $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at $25,000. JNBA Financial Advisors increased its stake in shares of Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Winch Advisory Services LLC increased its stake in shares of 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 purchasing an additional 44 shares during the last quarter. Finally, MFA Wealth Advisors LLC raised its holdings in shares of Lowe's Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after buying an additional 70 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Trading Up 1.0 %

Shares of LOW traded up $2.61 during trading hours on Friday, reaching $261.39. 2,758,504 shares of the stock traded hands, compared to its average volume of 1,989,226. Lowe's Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The stock has a fifty day simple moving average of $260.10 and a 200 day simple moving average of $254.60. The company has a market cap of $147.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11.

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a $1.15 dividend. 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 dividend payout ratio is 38.37%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Oppenheimer raised Lowe's Companies from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Royal Bank of Canada upped their price objective on shares of Lowe's Companies from $291.00 to $292.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Evercore ISI increased their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Bank of America boosted their target price on shares of Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Finally, TD Cowen increased their price target on Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and an average price target of $280.85.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the business'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 sale, the executive vice president now directly 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 SEC, which is available through the SEC website. Corporate 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.