Tritonpoint Wealth LLC Has $354,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Tritonpoint Wealth LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,434 shares of the home improvement retailer’s stock after purchasing an additional 118 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Lowe’s Companies were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Comprehensive Financial Consultants Institutional Inc. boosted its position in Lowe’s Companies by 1.4% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 6,288 shares of the home improvement retailer’s stock worth $1,552,000 after purchasing an additional 88 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Lowe’s Companies by 4.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,590 shares of the home improvement retailer’s stock worth $4,094,000 after buying an additional 750 shares during the last quarter. Alpha Omega Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 38.0% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 12,393 shares of the home improvement retailer’s stock worth $3,059,000 after buying an additional 3,410 shares during the period. SeaBridge Investment Advisors LLC grew its stake in Lowe’s Companies by 2.0% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 13,820 shares of the home improvement retailer’s stock valued at $3,411,000 after buying an additional 274 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its holdings in Lowe’s Companies by 10.9% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 9,692 shares of the home improvement retailer’s stock worth $2,392,000 after acquiring an additional 951 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $259.91 on Monday. The business has a fifty day moving average of $259.00 and a two-hundred day moving average of $257.35. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The stock has a market cap of $146.76 billion, a PE ratio of 21.68, a PEG ratio of 2.19 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.77%. Lowe’s Companies’s dividend payout ratio is 38.37%.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. Wells Fargo & Company raised their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Evercore ISI upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. DA Davidson raised 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. Finally, Sanford C. Bernstein upped their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

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.