Culbertson A N & Co. Inc. Has $1.14 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Culbertson A N & Co. Inc. lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,598 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Lowe’s Companies were worth $1,135,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the third quarter worth about $27,000. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth $25,000. JNBA Financial Advisors lifted its position in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Winch Advisory Services LLC lifted its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Finally, MFA Wealth Advisors LLC boosted its stake in Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’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 transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of several research reports. Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Mizuho boosted their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Truist Financial dropped their price target on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, TD Cowen increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Trading Up 1.0 %

Shares of NYSE LOW opened at $261.39 on Tuesday. The firm has a market capitalization of $147.59 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.19 and a beta of 1.11. The firm’s 50-day moving average price is $260.10 and its 200-day moving average price is $254.89. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.76%. Lowe’s Companies’s payout ratio is currently 38.37%.

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.