Crossmark Global Holdings Inc. Has $21.02 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Crossmark Global Holdings Inc. lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,150 shares of the home improvement retailer’s stock after purchasing an additional 776 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lowe’s Companies were worth $21,015,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. AE Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 52.7% in the 2nd quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer’s stock valued at $4,027,000 after purchasing an additional 6,305 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Lowe’s Companies by 1.2% in the second quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock valued at $9,059,000 after acquiring an additional 488 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in Lowe’s Companies by 10,786.3% in the second quarter. Frank Rimerman Advisors LLC now owns 5,552 shares of the home improvement retailer’s stock valued at $1,224,000 after acquiring an additional 5,501 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Lowe’s Companies by 45,250.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 202,715 shares of the home improvement retailer’s stock worth $44,691,000 after purchasing an additional 202,268 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in Lowe’s Companies by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 48,715 shares of the home improvement retailer’s stock worth $10,740,000 after purchasing an additional 160 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LOW has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Truist Financial decreased their price objective on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a report on Thursday, December 12th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday. TD Cowen boosted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Sanford C. Bernstein raised their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Up 1.0 %

Lowe’s Companies stock opened at $261.39 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01. The firm has a market capitalization of $147.59 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11. The firm’s 50 day simple moving average is $260.10 and its 200 day simple moving average is $254.89.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

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.