Montecito Bank & Trust lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 24.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,966 shares of the home improvement retailer’s stock after purchasing an additional 969 shares during the quarter. Montecito Bank & Trust’s holdings in Lowe’s Companies were worth $397,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SRS Capital Advisors Inc. grew its holdings in Lowe’s Companies by 0.4% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in Lowe’s Companies during the 1st quarter worth about $103,000. Atlantic Trust LLC bought a new stake in Lowe’s Companies during the 2nd quarter worth about $105,000. State of Alaska Department of Revenue grew its holdings in Lowe’s Companies by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after acquiring an additional 110 shares during the last quarter. Finally, Balentine LLC bought a new stake in Lowe’s Companies during the 1st quarter worth about $120,000. 73.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded up $0.86 during trading hours on Monday, hitting $84.23. 4,935,400 shares of the company were exchanged, compared to its average volume of 5,877,339. The firm has a market cap of $69,995.13, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. Lowe’s Companies, Inc. has a 1-year low of $70.49 and a 1-year high of $86.25.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.95%. Lowe’s Companies’s dividend payout ratio is 39.33%.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. J P Morgan Chase & Co restated a “neutral” rating and set a $83.00 target price (down from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. BMO Capital Markets restated a “hold” rating and set a $82.00 target price on shares of Lowe’s Companies in a research report on Thursday, November 2nd. Raymond James Financial upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and set a $87.00 target price on the stock in a research report on Monday, November 27th. Finally, Longbow Research restated a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $87.40.
In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the sale, the insider now owns 4,650 shares in the company, valued at $372,930. The disclosure for this sale can be found here. Insiders sold a total of 13,303 shares of company stock worth $1,047,406 over the last quarter. 0.11% of the stock is currently owned by corporate insiders.
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Lowe’s Companies Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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