Axiom Financial Strategies LLC Buys 44 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Axiom Financial Strategies LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,377 shares of the home improvement retailer’s stock after purchasing an additional 44 shares during the period. Lowe’s Companies makes up approximately 0.2% of Axiom Financial Strategies LLC’s holdings, making the stock its 28th biggest position. Axiom Financial Strategies LLC’s holdings in Lowe’s Companies were worth $340,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LOW. AQR Capital Management LLC boosted its holdings in Lowe’s Companies by 37.6% in the 2nd quarter. AQR Capital Management LLC now owns 80,500 shares of the home improvement retailer’s stock valued at $17,664,000 after purchasing an additional 21,995 shares during the period. SkyView Investment Advisors LLC lifted its holdings in shares of Lowe’s Companies by 10.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 1,979 shares of the home improvement retailer’s stock worth $436,000 after acquiring an additional 183 shares during the period. Ascent Group LLC lifted its holdings in shares of Lowe’s Companies by 12.0% during the 2nd quarter. Ascent Group LLC now owns 4,028 shares of the home improvement retailer’s stock worth $888,000 after acquiring an additional 432 shares during the period. Creative Planning lifted its holdings in shares of Lowe’s Companies by 1.3% during the 2nd quarter. Creative Planning now owns 204,435 shares of the home improvement retailer’s stock worth $45,070,000 after acquiring an additional 2,585 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new position in shares of Lowe’s Companies during the 2nd quarter worth about $394,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of analyst reports. Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Sanford C. Bernstein raised their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Stifel Nicolaus raised their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Barclays lifted their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $265.97 on Tuesday. Lowe’s Companies, Inc. has a one year low of $209.81 and a one year high of $287.01. The company has a 50 day moving average of $259.11 and a 200-day moving average of $256.48. The stock has a market cap of $150.18 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 2.16 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is 38.37%.

Insider Transactions at Lowe’s Companies

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

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.