Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Armor Investment Advisors LLC

Armor Investment Advisors LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,386 shares of the home improvement retailer’s stock after selling 434 shares during the period. Lowe’s Companies makes up approximately 1.1% of Armor Investment Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Armor Investment Advisors LLC’s holdings in Lowe’s Companies were worth $2,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LOW. Sapient Capital LLC grew its holdings in Lowe’s Companies by 1.7% during the fourth quarter. Sapient Capital LLC now owns 3,989 shares of the home improvement retailer’s stock worth $985,000 after acquiring an additional 66 shares during the period. Pineridge Advisors LLC grew its holdings in Lowe’s Companies by 37.1% during the fourth quarter. Pineridge Advisors LLC now owns 554 shares of the home improvement retailer’s stock worth $137,000 after acquiring an additional 150 shares during the period. Arlington Trust Co LLC grew its holdings in Lowe’s Companies by 45.7% during the fourth quarter. Arlington Trust Co LLC now owns 1,059 shares of the home improvement retailer’s stock worth $261,000 after acquiring an additional 332 shares during the period. Equitable Trust Co. grew its holdings in Lowe’s Companies by 15.2% during the fourth quarter. Equitable Trust Co. now owns 12,731 shares of the home improvement retailer’s stock worth $3,142,000 after acquiring an additional 1,682 shares during the period. Finally, Bristlecone Advisors LLC grew its holdings in Lowe’s Companies by 20.6% during the fourth quarter. Bristlecone Advisors LLC now owns 1,463 shares of the home improvement retailer’s stock worth $361,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Truist Financial dropped their price objective on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Barclays upped their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Royal Bank of Canada boosted their target price on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein boosted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating 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 stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Trading Up 1.9 %

NYSE LOW opened at $256.69 on Tuesday. The business’s 50-day moving average price is $257.24 and its 200 day moving average price is $258.11. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a market capitalization of $144.94 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.79%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

About Lowe’s Companies

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.