Strategic Blueprint LLC Sells 62 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Strategic Blueprint LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,785 shares of the home improvement retailer’s stock after selling 62 shares during the quarter. Strategic Blueprint LLC’s holdings in Lowe’s Companies were worth $1,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Iams Wealth Management LLC raised its holdings in Lowe’s Companies by 38.8% during the 4th quarter. Iams Wealth Management LLC now owns 2,123 shares of the home improvement retailer’s stock valued at $524,000 after buying an additional 594 shares during the last quarter. Forsta AP Fonden raised its holdings in Lowe’s Companies by 13.4% during the 4th quarter. Forsta AP Fonden now owns 169,700 shares of the home improvement retailer’s stock valued at $41,882,000 after buying an additional 20,100 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Lowe’s Companies by 43.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 658,627 shares of the home improvement retailer’s stock worth $162,549,000 after purchasing an additional 200,284 shares in the last quarter. R Squared Ltd bought a new position in Lowe’s Companies in the 4th quarter worth $271,000. Finally, Gateway Wealth Partners LLC raised its holdings in Lowe’s Companies by 15.1% in the 4th quarter. Gateway Wealth Partners LLC now owns 884 shares of the home improvement retailer’s stock worth $218,000 after purchasing an additional 116 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Activity at Lowe’s Companies

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

Analysts Set New Price Targets

LOW has been the subject of several research reports. Wells Fargo & Company upped their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Mizuho upped their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Truist Financial decreased their price target 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, Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Price Performance

NYSE:LOW opened at $261.72 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $210.10 and a 1 year high of $287.01. The stock’s 50 day simple moving average is $259.15 and its two-hundred day simple moving average is $256.97. The company has a market cap of $147.78 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.16 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The business also recently announced 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 1.76%. 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.