UMB Bank n.a. Boosts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

UMB Bank n.a. lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,017 shares of the home improvement retailer’s stock after acquiring an additional 199 shares during the quarter. UMB Bank n.a.’s holdings in Lowe’s Companies were worth $3,953,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. AE Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 52.7% in the 2nd quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer’s stock valued at $4,027,000 after acquiring an additional 6,305 shares during the period. Pacer Advisors Inc. grew its stake in Lowe’s Companies by 1.2% in the second quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock valued at $9,059,000 after purchasing an additional 488 shares during the last quarter. Frank Rimerman Advisors LLC grew its stake in Lowe’s Companies by 10,786.3% in the second quarter. Frank Rimerman Advisors LLC now owns 5,552 shares of the home improvement retailer’s stock valued at $1,224,000 after purchasing an additional 5,501 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Lowe’s Companies by 45,250.1% in the second quarter. 1832 Asset Management L.P. now owns 202,715 shares of the home improvement retailer’s stock worth $44,691,000 after purchasing an additional 202,268 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Lowe’s Companies by 0.3% during the second quarter. Gabelli Funds LLC now owns 48,715 shares of the home improvement retailer’s stock valued at $10,740,000 after buying an additional 160 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 1.0 %

LOW stock opened at $261.39 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01. The firm has a market cap of $147.59 billion, a P/E ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11. The company’s 50-day simple moving average is $260.10 and its 200-day simple moving average is $254.89.

Lowe’s Companies Dividend Announcement

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. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Mizuho upped their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Bank of America upped their target price on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Sanford C. Bernstein boosted their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

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.