Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Whitener Capital Management Inc.

Whitener Capital Management Inc. boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,646 shares of the home improvement retailer’s stock after acquiring an additional 376 shares during the quarter. Lowe’s Companies comprises about 0.9% of Whitener Capital Management Inc.’s portfolio, making the stock its 24th largest holding. Whitener Capital Management Inc.’s holdings in Lowe’s Companies were worth $3,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Crew Capital Management Ltd. raised its stake in shares of Lowe’s Companies by 1.0% during the 3rd quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock valued at $1,049,000 after buying an additional 37 shares during the last quarter. Summit Place Financial Advisors LLC increased its stake in Lowe’s Companies by 2.8% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock worth $372,000 after buying an additional 37 shares in the last quarter. Clean Yield Group increased its stake in Lowe’s Companies by 2.4% during the 3rd quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer’s stock worth $433,000 after buying an additional 38 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Lowe’s Companies by 0.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after purchasing an additional 40 shares during the last quarter. Finally, Chapin Davis Inc. boosted its holdings in shares of Lowe’s Companies by 1.3% during the 3rd quarter. Chapin Davis Inc. now owns 3,082 shares of the home improvement retailer’s stock worth $835,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Lowe’s Companies Trading Up 1.0 %

Shares of Lowe’s Companies stock opened at $261.39 on Friday. Lowe’s Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01. The stock has a market cap of $147.59 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The company has a 50-day moving average of $260.29 and a two-hundred day moving average of $253.98.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. 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 1.76%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Mizuho upped their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $230.00 to $305.00 in a research report on Tuesday, September 24th. DA Davidson upped their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Piper Sandler increased their target price on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Truist Financial decreased their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target 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.