Greenfield Savings Bank Sells 180 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Greenfield Savings Bank reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,523 shares of the home improvement retailer’s stock after selling 180 shares during the period. Greenfield Savings Bank’s holdings in Lowe’s Companies were worth $869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LOW. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies during the third quarter valued at approximately $27,000. JNBA Financial Advisors grew its position in Lowe’s Companies by 555.6% in the 3rd 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 increased its position in Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 70 shares during the last quarter. Kimelman & Baird LLC bought a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $37,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter worth $46,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s 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 owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of analyst reports. DA Davidson lifted 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 cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Melius Research assumed coverage on Lowe’s Companies in a research note on Monday, September 23rd. They issued a “buy” rating and a $290.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Stock Up 0.3 %

NYSE:LOW opened at $248.64 on Tuesday. 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 cap of $140.39 billion, a P/E ratio of 20.74, a PEG ratio of 2.20 and a beta of 1.11. The business’s 50-day moving average price is $260.90 and its 200 day moving average price is $253.71.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

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.