Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 532,194 shares of the home improvement retailer’s stock after purchasing an additional 53,340 shares during the period. Lowe’s Companies accounts for 0.8% of Public Sector Pension Investment Board’s investment portfolio, making the stock its 24th largest holding. Public Sector Pension Investment Board’s holdings in Lowe’s Companies were worth $144,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LOW. JNBA Financial Advisors raised its stake in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. MFA Wealth Advisors LLC increased its holdings in shares of 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 valued at $35,000 after acquiring an additional 70 shares during the last quarter. Stephens Consulting LLC raised its position in shares of Lowe’s Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in Lowe’s Companies during the second quarter worth approximately $37,000. Finally, Tsfg LLC boosted its holdings in Lowe’s Companies by 128.2% in the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 100 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LOW has been the topic of a number of research analyst reports. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Barclays boosted their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, Melius Research assumed coverage on Lowe’s Companies in a research note on Monday, September 23rd. They set a “buy” rating and a $290.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $277.92.

Lowe’s Companies Trading Down 0.5 %

NYSE LOW opened at $273.14 on Thursday. The business’s 50 day moving average is $269.80 and its two-hundred day moving average is $245.66. The stock has a market capitalization of $154.95 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.31 and a beta of 1.10. Lowe’s Companies, Inc. has a 12-month low of $196.32 and a 12-month high of $287.01.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a $1.15 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.68%. Lowe’s Companies’s dividend payout ratio is presently 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.