Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Proathlete Wealth Management LLC

Proathlete Wealth Management LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,861 shares of the home improvement retailer’s stock after buying an additional 80 shares during the period. Proathlete Wealth Management LLC’s holdings in Lowe’s Companies were worth $706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. StoneX Group Inc. acquired a new position in Lowe’s Companies during the third quarter worth approximately $2,713,000. Principal Financial Group Inc. increased its position in Lowe’s Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock worth $175,944,000 after buying an additional 24,812 shares during the period. Miracle Mile Advisors LLC increased its position in Lowe’s Companies by 288.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock worth $4,696,000 after buying an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Lowe’s Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock worth $98,104,000 after buying an additional 4,435 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in Lowe’s Companies by 308.0% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 28,315 shares of the home improvement retailer’s stock worth $6,988,000 after buying an additional 21,375 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LOW. Piper Sandler lifted their price target 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. Royal Bank of Canada lifted their target price on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their target price for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Wells Fargo & Company lifted 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. Finally, Stifel Nicolaus lifted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Stock Up 2.3 %

NYSE LOW opened at $268.34 on Tuesday. Lowe’s Companies, Inc. has a fifty-two week low of $209.81 and a fifty-two week high of $287.01. The stock has a market cap of $151.52 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. The business has a fifty day moving average of $259.11 and a 200-day moving average of $256.48.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.71%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Lowe’s Companies Company 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.