Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 28,956 shares of the home improvement retailer’s stock after acquiring an additional 625 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Lowe’s Companies were worth $7,843,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Boston Family Office LLC boosted its position in shares of Lowe’s Companies by 1.1% during the 3rd quarter. Boston Family Office LLC now owns 22,935 shares of the home improvement retailer’s stock valued at $6,212,000 after acquiring an additional 247 shares during the last quarter. Independent Advisor Alliance increased its position in Lowe’s Companies by 0.6% during the third quarter. Independent Advisor Alliance now owns 53,766 shares of the home improvement retailer’s stock worth $14,563,000 after purchasing an additional 322 shares during the last quarter. Bank of Hawaii raised its stake in Lowe’s Companies by 1.6% during the third quarter. Bank of Hawaii now owns 5,091 shares of the home improvement retailer’s stock worth $1,379,000 after purchasing an additional 82 shares during the period. Douglass Winthrop Advisors LLC boosted its holdings in Lowe’s Companies by 27.2% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 7,499 shares of the home improvement retailer’s stock valued at $2,031,000 after purchasing an additional 1,602 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Lowe’s Companies by 10.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 72,920 shares of the home improvement retailer’s stock valued at $19,750,000 after buying an additional 6,870 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Up 4.0 %

NYSE:LOW opened at $275.33 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $196.32 and a 12-month high of $287.01. The firm has a market cap of $156.19 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The stock has a fifty day moving average price of $269.11 and a 200 day moving average price of $245.19.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, October 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Insider Transactions at Lowe’s Companies

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on 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 in the company, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Gordon Haskett reduced their price target on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and raised their target price for the stock from $250.00 to $300.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Mizuho raised their price objective on Lowe’s Companies from $280.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research note on Wednesday, August 21st. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $277.92.

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.