Sugarloaf Wealth Management LLC Increases Position in Lowe’s Companies, Inc. (NYSE:LOW)

Sugarloaf Wealth Management LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,665 shares of the home improvement retailer’s stock after purchasing an additional 66 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Lowe’s Companies were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Acadian Asset Management LLC raised its position in Lowe’s Companies by 352.6% during the second quarter. Acadian Asset Management LLC now owns 14,438 shares of the home improvement retailer’s stock worth $3,180,000 after acquiring an additional 11,248 shares during the period. HHM Wealth Advisors LLC boosted its holdings in Lowe’s Companies by 167.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 851 shares of the home improvement retailer’s stock worth $188,000 after buying an additional 533 shares during the last quarter. LPL Financial LLC increased its stake in Lowe’s Companies by 7.4% during the 2nd quarter. LPL Financial LLC now owns 782,877 shares of the home improvement retailer’s stock worth $172,593,000 after buying an additional 54,202 shares in the last quarter. Vest Financial LLC raised its holdings in shares of Lowe’s Companies by 8.9% during the second quarter. Vest Financial LLC now owns 190,294 shares of the home improvement retailer’s stock valued at $41,952,000 after acquiring an additional 15,609 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in shares of Lowe’s Companies by 3.8% in the second quarter. Main Street Financial Solutions LLC now owns 9,025 shares of the home improvement retailer’s stock valued at $1,990,000 after acquiring an additional 329 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on LOW. Melius Research initiated coverage on Lowe’s Companies in a research note on Monday, September 23rd. They issued a “buy” rating and a $290.00 price objective for the company. Mizuho increased their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Bank of America raised their price target on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Evercore ISI increased their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Finally, Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and raised their target price for the stock from $250.00 to $300.00 in a research note on Wednesday, October 9th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Activity

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Up 0.7 %

LOW traded up $1.83 during trading hours on Friday, hitting $248.72. 1,519,451 shares of the company’s stock were exchanged, compared to its average volume of 2,139,556. The firm has a market cap of $140.44 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01. The firm has a 50 day moving average of $261.51 and a 200 day moving average of $252.88.

Lowe’s Companies Announces Dividend

The business also recently disclosed 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 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 is currently 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.