Empowered Funds LLC Has $10.18 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Empowered Funds LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,245 shares of the home improvement retailer’s stock after buying an additional 855 shares during the period. Empowered Funds LLC’s holdings in Lowe’s Companies were worth $10,179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Crew Capital Management Ltd. grew its position in Lowe’s Companies by 1.0% during the 3rd quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock worth $1,049,000 after acquiring an additional 37 shares during the last quarter. Summit Place Financial Advisors LLC boosted its stake in shares of Lowe’s Companies by 2.8% during the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock valued at $372,000 after purchasing an additional 37 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of Lowe’s Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after purchasing an additional 40 shares during the last quarter. Saxony Capital Management LLC increased its stake in shares of Lowe’s Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after buying an additional 40 shares during the period. Finally, Powers Advisory Group LLC raised its holdings in Lowe’s Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after buying an additional 40 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $252.17 on Monday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a market cap of $142.39 billion, a PE ratio of 21.03, a PEG ratio of 2.04 and a beta of 1.11. The firm has a 50-day moving average of $257.24 and a 200-day moving average of $257.92.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were issued a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.82%. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LOW. DA Davidson boosted their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Barclays boosted their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their target price on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Sanford C. Bernstein upped their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated 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 owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.