Howland Capital Management LLC Sells 43 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Howland Capital Management LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,137 shares of the home improvement retailer’s stock after selling 43 shares during the period. Howland Capital Management LLC’s holdings in Lowe’s Companies were worth $774,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Visionary Horizons LLC lifted its holdings in shares of Lowe’s Companies by 8.8% in the fourth quarter. Visionary Horizons LLC now owns 2,436 shares of the home improvement retailer’s stock valued at $601,000 after purchasing an additional 196 shares in the last quarter. Quotient Wealth Partners LLC increased its position in shares of Lowe’s Companies by 11.1% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,792 shares of the home improvement retailer’s stock valued at $689,000 after acquiring an additional 278 shares during the last quarter. Benedict Financial Advisors Inc. increased its position in shares of Lowe’s Companies by 3.0% in the fourth quarter. Benedict Financial Advisors Inc. now owns 11,707 shares of the home improvement retailer’s stock valued at $2,889,000 after acquiring an additional 344 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $8,116,000. Finally, Empowered Funds LLC increased its position in shares of Lowe’s Companies by 2.1% in the fourth quarter. Empowered Funds LLC now owns 41,245 shares of the home improvement retailer’s stock valued at $10,179,000 after acquiring an additional 855 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Down 1.9 %

Shares of LOW stock opened at $252.17 on Friday. The stock has a market cap of $142.39 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The stock has a 50 day simple moving average of $257.24 and a 200 day simple moving average of $257.78. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. DA Davidson lifted their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their target price on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Royal Bank of Canada lifted their target price on 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. Finally, Barclays boosted their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently 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.