Lowe’s Companies, Inc. (NYSE:LOW) Stock Position Increased by Hartline Investment Corp

Hartline Investment Corp boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,816 shares of the home improvement retailer’s stock after purchasing an additional 552 shares during the quarter. Lowe’s Companies comprises 0.9% of Hartline Investment Corp’s holdings, making the stock its 27th biggest position. Hartline Investment Corp’s holdings in Lowe’s Companies were worth $7,852,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LOW. AMF Tjanstepension AB lifted its position in Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after purchasing an additional 20,123 shares during the last quarter. Retirement Planning Group LLC acquired a new position in Lowe’s Companies during the 3rd quarter valued at about $231,000. Smith Chas P & Associates PA Cpas increased its stake in Lowe’s Companies by 31.7% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 26,577 shares of the home improvement retailer’s stock valued at $7,198,000 after buying an additional 6,399 shares during the period. Woodstock Corp increased its stake in Lowe’s Companies by 14.3% during the 3rd quarter. Woodstock Corp now owns 15,690 shares of the home improvement retailer’s stock valued at $4,250,000 after buying an additional 1,968 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Lowe’s Companies by 9.1% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,111 shares of the home improvement retailer’s stock valued at $1,655,000 after buying an additional 512 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

LOW stock opened at $256.69 on Tuesday. The stock has a market cap of $144.94 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.04 and a beta of 1.11. The firm has a 50 day simple moving average of $257.24 and a 200 day simple moving average of $258.11. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week 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 issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LOW shares. Evercore ISI raised their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Sanford C. Bernstein raised their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. DA Davidson raised their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Wedbush reissued a “neutral” rating and set a $250.00 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred on 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 directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by corporate 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.