Eastern Bank Has $34.61 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Eastern Bank grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,234 shares of the home improvement retailer’s stock after purchasing an additional 2,195 shares during the quarter. Eastern Bank’s holdings in Lowe’s Companies were worth $34,610,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in Lowe’s Companies by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 209,846 shares of the home improvement retailer’s stock worth $45,961,000 after purchasing an additional 594 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in Lowe’s Companies by 1.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 6,972 shares of the home improvement retailer’s stock worth $1,537,000 after acquiring an additional 74 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Lowe’s Companies by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,617,849 shares of the home improvement retailer’s stock valued at $356,671,000 after buying an additional 90,945 shares during the period. J.W. Cole Advisors Inc. lifted its position in Lowe’s Companies by 3.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,215 shares of the home improvement retailer’s stock valued at $1,591,000 after acquiring an additional 272 shares in the last quarter. Finally, Lyell Wealth Management LP lifted its position in shares of Lowe’s Companies by 2.0% during the 2nd quarter. Lyell Wealth Management LP now owns 4,320 shares of the home improvement retailer’s stock worth $952,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded up $1.24 during midday trading on Monday, reaching $249.14. 1,638,595 shares of the company traded hands, compared to its average volume of 2,206,191. The firm has a market capitalization of $140.68 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. The business has a 50 day moving average of $261.23 and a two-hundred day moving average of $253.51. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.85%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred 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. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Evercore ISI upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Company 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.