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

Pines Wealth Management LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,683 shares of the home improvement retailer’s stock, valued at approximately $1,657,000.

A number of other institutional investors have also recently added to or reduced their stakes in LOW. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies during the third quarter worth $27,000. JNBA Financial Advisors increased its holdings in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC raised its position in Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Lowe’s Companies during the 2nd quarter worth about $37,000. Finally, Tsfg LLC grew its position in shares of Lowe’s Companies by 128.2% in the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock valued at $48,000 after buying an additional 100 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $251.30 on Wednesday. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The stock has a market capitalization of $141.90 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.20 and a beta of 1.11. The company has a 50-day moving average price of $260.54 and a 200-day moving average price of $253.93.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred 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 transaction, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson upped their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Truist Financial lowered their target price on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Get Our Latest Stock Analysis on LOW

About Lowe’s Companies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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