Founders Capital Management Decreases Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Founders Capital Management cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,102 shares of the home improvement retailer’s stock after selling 762 shares during the period. Lowe’s Companies comprises approximately 1.6% of Founders Capital Management’s portfolio, making the stock its 19th biggest holding. Founders Capital Management’s holdings in Lowe’s Companies were worth $2,493,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the third quarter worth about $27,000. JNBA Financial Advisors increased its holdings in Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. MFA Wealth Advisors LLC increased its stake in shares of Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares in the last quarter. Kimelman & Baird LLC bought a new position in Lowe’s Companies in the 2nd quarter worth approximately $37,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $46,000. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LOW shares. Piper Sandler lifted their price target on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Stifel Nicolaus lifted their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. TD Cowen increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Loop Capital upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and increased their price target for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. Eleven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Price Performance

Shares of NYSE:LOW traded up $0.63 during mid-day trading on Monday, reaching $248.53. 972,786 shares of the company traded hands, compared to its average volume of 2,119,756. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The firm has a market cap of $140.33 billion, a PE ratio of 20.73, a PEG ratio of 2.20 and a beta of 1.11. The company’s 50 day moving average price is $261.23 and its 200-day moving average price is $253.51.

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 dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 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.