Lowe’s Companies, Inc. (NYSE:LOW) Stake Raised by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,917 shares of the home improvement retailer’s stock after buying an additional 96 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Lowe’s Companies were worth $473,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LOW. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Lowe’s Companies by 6.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 71,198 shares of the home improvement retailer’s stock valued at $17,572,000 after purchasing an additional 4,599 shares during the period. Strategic Financial Concepts LLC grew its position in Lowe’s Companies by 24,531.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after buying an additional 1,223,116 shares in the last quarter. Iron Horse Wealth Management LLC increased its stake in Lowe’s Companies by 28.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 405 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 90 shares during the period. Consolidated Portfolio Review Corp bought a new stake in shares of Lowe’s Companies during the 4th quarter worth about $304,000. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Lowe’s Companies by 8.0% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,147 shares of the home improvement retailer’s stock worth $283,000 after acquiring an additional 85 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 0.9 %

Shares of NYSE LOW opened at $256.08 on Friday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company’s fifty day moving average is $257.99 and its 200-day moving average is $257.71. The stock has a market cap of $144.59 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 2.18 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were issued a $1.15 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.80%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

Analyst Ratings Changes

LOW has been the topic of several recent research reports. DA Davidson lifted 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. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Mizuho lifted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies 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’s stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $280.85.

Insider Transactions at Lowe’s Companies

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 transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

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.