Penserra Capital Management LLC Sells 166 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Penserra Capital Management LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,957 shares of the home improvement retailer’s stock after selling 166 shares during the quarter. Penserra Capital Management LLC’s holdings in Lowe’s Companies were worth $1,612,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LOW. JNBA Financial Advisors boosted 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 acquiring an additional 100 shares in the last quarter. MFA Wealth Advisors LLC lifted its stake 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 worth $35,000 after purchasing an additional 70 shares during the last quarter. Stephens Consulting LLC boosted its holdings in shares of Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Kimelman & Baird LLC bought a new position in shares of Lowe’s Companies in the 2nd quarter valued at $37,000. Finally, Tsfg LLC raised its holdings in shares of Lowe’s Companies by 128.2% during the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 100 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. The trade was a 41.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Sanford C. Bernstein reduced their price objective on Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. TD Cowen lifted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Truist Financial upped their price objective on shares of Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Gordon Haskett cut their target price 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. Finally, Royal Bank of Canada upped their price target on shares of Lowe’s Companies from $290.00 to $291.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $277.92.

Lowe’s Companies Stock Down 0.3 %

Shares of NYSE LOW opened at $274.48 on Wednesday. The company has a market capitalization of $155.71 billion, a PE ratio of 22.89, a P/E/G ratio of 2.22 and a beta of 1.10. Lowe’s Companies, Inc. has a twelve month low of $196.32 and a twelve month high of $287.01. The firm has a fifty day simple moving average of $269.47 and a 200 day simple moving average of $245.47.

Lowe’s Companies Increases Dividend

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