Woodard & Co. Asset Management Group Inc. ADV boosted its position in shares of Lowe's Companies, Inc. (NYSE:LOW – Get Rating) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,409 shares of the home improvement retailer's stock after purchasing an additional 372 shares during the quarter. Woodard & Co. Asset Management Group Inc. ADV's holdings in Lowe's Companies were worth $1,016,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. raised its holdings in shares of Lowe's Companies by 2.3% in the third quarter. D.A. Davidson & CO. now owns 125,421 shares of the home improvement retailer's stock worth $23,564,000 after acquiring an additional 2,786 shares during the last quarter. Stockman Wealth Management Inc. increased its stake in Lowe's Companies by 5.3% in the third quarter. Stockman Wealth Management Inc. now owns 26,307 shares of the home improvement retailer's stock valued at $4,941,000 after purchasing an additional 1,318 shares during the last quarter. Mount Yale Investment Advisors LLC increased its stake in Lowe's Companies by 40.4% in the third quarter. Mount Yale Investment Advisors LLC now owns 5,467 shares of the home improvement retailer's stock valued at $1,027,000 after purchasing an additional 1,572 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Lowe's Companies by 100.9% in the third quarter. EverSource Wealth Advisors LLC now owns 4,671 shares of the home improvement retailer's stock valued at $878,000 after purchasing an additional 2,346 shares during the last quarter. Finally, Castle Wealth Management LLC increased its stake in Lowe's Companies by 19.5% in the third quarter. Castle Wealth Management LLC now owns 2,916 shares of the home improvement retailer's stock valued at $548,000 after purchasing an additional 476 shares during the last quarter. 72.62% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Up 0.3 %

NYSE:LOW traded up $0.68 during trading hours on Friday, reaching $202.49. 2,907,889 shares of the stock were exchanged, compared to its average volume of 2,610,774. The firm has a 50 day simple moving average of $205.84 and a 200-day simple moving average of $199.00. Lowe's Companies, Inc. has a 52 week low of $170.12 and a 52 week high of $240.71. The stock has a market capitalization of $125.69 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.11 and a beta of 1.16.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Tuesday, January 24th. Lowe's Companies's dividend payout ratio is presently 41.14%.

Wall Street Analysts Forecast Growth

LOW has been the subject of several analyst reports. Credit Suisse Group initiated coverage on Lowe's Companies in a research note on Monday, December 19th. They issued a "neutral" rating and a $210.00 target price for the company. Evercore ISI dropped their price target on Lowe's Companies to $225.00 in a research note on Monday, December 12th. Sanford C. Bernstein started coverage on Lowe's Companies in a research note on Tuesday, December 6th. They set a "market perform" rating and a $237.00 price target for the company. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday, January 13th. Finally, Wedbush upped their price target on Lowe's Companies from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, December 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $229.12.

Insider Transactions at Lowe's Companies

In other news, EVP Ross W. Mccanless sold 57,629 shares of the stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $211.35, for a total transaction of $12,179,889.15. Following the sale, the executive vice president now directly owns 26,923 shares in the company, valued at approximately $5,690,176.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company's stock.

About Lowe's Companies

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Lowe's Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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