Soltis Investment Advisors LLC Has $514,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Soltis Investment Advisors LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,085 shares of the home improvement retailer’s stock after purchasing an additional 178 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Lowe’s Companies were worth $514,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the 3rd quarter worth $27,000. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $25,000. JNBA Financial Advisors lifted its stake in shares of Lowe’s Companies by 555.6% in the 3rd 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. Winch Advisory Services LLC lifted its stake in shares of Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Finally, MFA Wealth Advisors LLC lifted its stake in shares of Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target 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. TD Cowen increased their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Mizuho increased their price target on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $256.69 on Tuesday. The stock has a market capitalization of $144.94 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.04 and a beta of 1.11. The business has a 50-day moving average of $257.24 and a 200-day moving average of $258.11. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction dated 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 owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies 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.