Union Savings Bank Sells 280 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Union Savings Bank lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 9.7% during the fourth quarter, Holdings Channel reports. The fund owned 2,621 shares of the home improvement retailer’s stock after selling 280 shares during the period. Union Savings Bank’s holdings in Lowe’s Companies were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Intech Investment Management LLC lifted its stake in shares of Lowe’s Companies by 1.7% during the 2nd quarter. Intech Investment Management LLC now owns 17,829 shares of the home improvement retailer’s stock worth $3,931,000 after buying an additional 298 shares during the last quarter. AE Wealth Management LLC raised its holdings in 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. lifted its position in Lowe’s Companies by 1.2% during the second quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock worth $9,059,000 after acquiring an additional 488 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Lowe’s Companies by 2.0% during the second quarter. Sei Investments Co. now owns 480,491 shares of the home improvement retailer’s stock worth $105,927,000 after acquiring an additional 9,228 shares during the period. Finally, Summit Trail Advisors LLC grew its position in shares of Lowe’s Companies by 38.5% in the second quarter. Summit Trail Advisors LLC now owns 10,171 shares of the home improvement retailer’s stock valued at $2,242,000 after purchasing an additional 2,827 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Price Performance

LOW stock opened at $261.39 on Monday. The stock has a market cap of $147.59 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 2.08 and a beta of 1.11. The company has a 50 day simple moving average of $260.10 and a 200 day simple moving average of $254.60. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Analysts Set New Price Targets

Several research firms recently weighed in on LOW. Stifel Nicolaus lifted their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Royal Bank of Canada boosted their target price on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Bank of America raised their price target on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Truist Financial cut their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Barclays raised their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $280.85.

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.