Burney Co. Has $10.75 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Burney Co. cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 1.1% in the fourth quarter, Holdings Channel reports. The firm owned 43,539 shares of the home improvement retailer’s stock after selling 487 shares during the period. Burney Co.’s holdings in Lowe’s Companies were worth $10,746,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LOW. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth $27,000. JNBA Financial Advisors increased its position in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 100 shares during the last quarter. MFA Wealth Advisors LLC raised its holdings in Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Lowe’s Companies in the second quarter worth about $37,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth about $46,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on LOW shares. Sanford C. Bernstein raised their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Bank of America raised their target price on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 11th. TD Cowen lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Piper Sandler upped their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Royal Bank of Canada lifted their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

Get Our Latest Research Report on LOW

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $257.67 on Wednesday. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01. The business has a fifty day moving average of $260.54 and a two-hundred day moving average of $253.93. The stock has a market cap of $145.49 billion, a PE ratio of 21.49, a PEG ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

Lowe’s Companies Company Profile

(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.

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

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