Davis Investment Partners LLC Has $237,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Davis Investment Partners LLC grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.9% during the fourth quarter, Holdings Channel reports. The firm owned 955 shares of the home improvement retailer’s stock after purchasing an additional 45 shares during the period. Davis Investment Partners LLC’s holdings in Lowe’s Companies were worth $237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies in the 3rd quarter worth about $27,000. JNBA Financial Advisors boosted its position in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC boosted its holdings in Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares during the period. Kimelman & Baird LLC purchased a new position in Lowe’s Companies in the 2nd quarter valued at approximately $37,000. Finally, Tsfg LLC lifted its holdings in Lowe’s Companies by 128.2% during the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 100 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LOW shares. Royal Bank of Canada lifted their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Melius Research started coverage on Lowe’s Companies in a report on Monday, September 23rd. They issued a “buy” rating and a $290.00 price objective on the stock. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America raised their target price 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. Finally, Wedbush reissued a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $280.85.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’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 sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by company insiders.

Lowe’s Companies Trading Up 0.3 %

NYSE LOW traded up $0.74 during trading hours on Monday, hitting $248.64. 2,551,283 shares of the company’s stock traded hands, compared to its average volume of 2,351,073. The business’s fifty day moving average price is $261.23 and its two-hundred day moving average price is $253.51. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The firm has a market capitalization of $140.39 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

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.