Stonebridge Financial Group LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 20,727 shares of the home improvement retailer’s stock, valued at approximately $5,115,000.
Other hedge funds have also recently added to or reduced their stakes in the company. IFS Advisors LLC bought a new position in Lowe’s Companies during the fourth quarter worth $25,000. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies in the 3rd quarter worth about $27,000. Winch Advisory Services LLC raised its position in shares of Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares in the last quarter. JNBA Financial Advisors lifted its stake in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC boosted its position in shares of Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. DA Davidson boosted their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Royal Bank of Canada boosted their target price on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. TD Cowen raised their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Truist Financial dropped their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Wells Fargo & Company raised their target price on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.85.
Insider Buying and Selling at Lowe’s Companies
In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.
Lowe’s Companies Price Performance
Shares of NYSE:LOW opened at $256.69 on Tuesday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company has a market capitalization of $144.94 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The business has a fifty day moving average price of $257.24 and a two-hundred day moving average price of $258.11.
Lowe’s Companies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis 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 currently 38.37%.
About Lowe’s Companies
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.
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