Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,137 shares of the home improvement retailer’s stock after selling 215 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Lowe’s Companies were worth $2,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. Everence Capital Management Inc. grew its stake in shares of Lowe’s Companies by 9.3% in the 4th quarter. Everence Capital Management Inc. now owns 20,269 shares of the home improvement retailer’s stock valued at $5,002,000 after buying an additional 1,720 shares during the period. GAMMA Investing LLC lifted its holdings in Lowe’s Companies by 16.0% in the fourth quarter. GAMMA Investing LLC now owns 6,162 shares of the home improvement retailer’s stock valued at $1,521,000 after acquiring an additional 850 shares during the last quarter. Versant Capital Management Inc grew its position in Lowe’s Companies by 6.3% in the fourth quarter. Versant Capital Management Inc now owns 5,240 shares of the home improvement retailer’s stock worth $1,293,000 after acquiring an additional 311 shares during the period. Principal Financial Group Inc. increased its stake in Lowe’s Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock worth $175,944,000 after acquiring an additional 24,812 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in Lowe’s Companies by 0.3% in the third quarter. Lord Abbett & CO. LLC now owns 789,013 shares of the home improvement retailer’s stock valued at $213,704,000 after purchasing an additional 2,225 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LOW. DA Davidson increased their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Piper Sandler boosted their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Evercore ISI increased their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. TD Cowen boosted 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. Finally, Barclays raised their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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 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 transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Trading Up 0.4 %

NYSE:LOW traded up $1.03 during midday trading on Friday, hitting $248.01. 767,157 shares of the company were exchanged, compared to its average volume of 1,744,724. Lowe’s Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01. The company has a market capitalization of $140.04 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. The company has a fifty day simple moving average of $263.19 and a 200 day simple moving average of $252.19.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. 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 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.