Wedmont Private Capital Acquires 1,693 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Wedmont Private Capital boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 25.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,259 shares of the home improvement retailer’s stock after purchasing an additional 1,693 shares during the quarter. Wedmont Private Capital’s holdings in Lowe’s Companies were worth $2,047,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LOW. Kieckhefer Group LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $46,000. Capital Investment Advisors LLC increased its holdings in Lowe’s Companies by 1.1% in the 4th quarter. Capital Investment Advisors LLC now owns 7,439 shares of the home improvement retailer’s stock valued at $1,836,000 after acquiring an additional 84 shares during the last quarter. Trust Co. of Toledo NA OH lifted its stake in Lowe’s Companies by 0.6% in the 4th quarter. Trust Co. of Toledo NA OH now owns 30,492 shares of the home improvement retailer’s stock worth $7,525,000 after purchasing an additional 175 shares in the last quarter. Winthrop Advisory Group LLC boosted its holdings in shares of Lowe’s Companies by 5.3% during the 4th quarter. Winthrop Advisory Group LLC now owns 1,239 shares of the home improvement retailer’s stock valued at $306,000 after purchasing an additional 62 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its position in shares of Lowe’s Companies by 33.6% during the fourth quarter. Aprio Wealth Management LLC now owns 3,113 shares of the home improvement retailer’s stock valued at $768,000 after purchasing an additional 783 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LOW has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Melius Research initiated coverage on Lowe’s Companies in a research report on Monday, September 23rd. They set a “buy” rating and a $290.00 target price for the company. Wells Fargo & Company boosted 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. TD Cowen upped 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, DA Davidson lifted their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Eleven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Stock Up 0.4 %

Shares of NYSE:LOW traded up $1.07 during midday trading on Monday, reaching $248.97. The company’s stock had a trading volume of 1,226,716 shares, compared to its average volume of 2,154,583. The stock has a fifty day moving average of $261.23 and a 200 day moving average of $253.51. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The firm has a market capitalization of $140.58 billion, a PE ratio of 20.76, a P/E/G ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid 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 dividend yield of 1.85%. Lowe’s Companies’s payout ratio is 38.37%.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by corporate insiders.

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.