Sovran Advisors LLC Invests $1.46 Million in Lowe’s Companies, Inc. (NYSE:LOW)

Sovran Advisors LLC purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,797 shares of the home improvement retailer’s stock, valued at approximately $1,456,000.

Other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB lifted its position in Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after acquiring an additional 20,123 shares during the period. Retirement Planning Group LLC bought a new position in shares of Lowe’s Companies during the third quarter valued at approximately $231,000. Smith Chas P & Associates PA Cpas lifted its holdings in shares of Lowe’s Companies by 31.7% during the third quarter. Smith Chas P & Associates PA Cpas now owns 26,577 shares of the home improvement retailer’s stock valued at $7,198,000 after purchasing an additional 6,399 shares during the last quarter. Woodstock Corp boosted its position in shares of Lowe’s Companies by 14.3% in the 3rd quarter. Woodstock Corp now owns 15,690 shares of the home improvement retailer’s stock worth $4,250,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Lowe’s Companies by 9.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,111 shares of the home improvement retailer’s stock worth $1,655,000 after buying an additional 512 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. DA Davidson lifted their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Mizuho lifted their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Truist Financial dropped their target price on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Stock Performance

NYSE LOW opened at $256.69 on Tuesday. The business’s fifty day moving average is $257.24 and its 200 day moving average is $258.11. The company has a market capitalization of $144.94 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were paid a dividend of $1.15 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.79%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

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.