463 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 463 shares of the home improvement retailer’s stock, valued at approximately $114,000.

Several other institutional investors have also recently added to or reduced their stakes in LOW. AMF Tjanstepension AB raised its holdings in shares of Lowe’s Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares during the period. Retirement Planning Group LLC acquired a new stake in Lowe’s Companies during the third quarter worth about $231,000. Smith Chas P & Associates PA Cpas lifted its holdings in Lowe’s Companies by 31.7% in the third quarter. Smith Chas P & Associates PA Cpas now owns 26,577 shares of the home improvement retailer’s stock worth $7,198,000 after acquiring an additional 6,399 shares during the last quarter. Woodstock Corp boosted its stake in Lowe’s Companies by 14.3% in the third quarter. Woodstock Corp now owns 15,690 shares of the home improvement retailer’s stock valued at $4,250,000 after acquiring an additional 1,968 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Lowe’s Companies by 9.1% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,111 shares of the home improvement retailer’s stock valued at $1,655,000 after purchasing an additional 512 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies 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 of the company’s stock, valued at $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 SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $256.69 on Tuesday. The stock has a market capitalization of $144.94 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The company has a 50 day moving average price of $257.24 and a 200 day moving average price of $258.11.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LOW. Barclays raised their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wells Fargo & Company upped their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Truist Financial reduced their target price 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 given a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

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.