Sandy Cove Advisors LLC Raises Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Sandy Cove Advisors LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 987 shares of the home improvement retailer’s stock after acquiring an additional 85 shares during the period. Sandy Cove Advisors LLC’s holdings in Lowe’s Companies were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC grew its holdings in shares of Lowe’s Companies by 1.7% during the 2nd quarter. Intech Investment Management LLC now owns 17,829 shares of the home improvement retailer’s stock worth $3,931,000 after purchasing an additional 298 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Lowe’s Companies by 52.9% in the second quarter. Canada Pension Plan Investment Board now owns 508,678 shares of the home improvement retailer’s stock valued at $112,143,000 after purchasing an additional 176,048 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Lowe’s Companies by 52.7% during the second quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer’s stock worth $4,027,000 after acquiring an additional 6,305 shares during the period. Pacer Advisors Inc. increased its holdings in Lowe’s Companies by 1.2% during the 2nd quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock worth $9,059,000 after purchasing an additional 488 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Lowe’s Companies by 2.0% during the second quarter. Sei Investments Co. now owns 480,491 shares of the home improvement retailer’s stock worth $105,927,000 after buying an additional 9,228 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOW. Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Truist Financial lowered their target price on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Bank of America boosted 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. Finally, Wells Fargo & Company increased their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

View Our Latest Stock Report on Lowe’s Companies

Insider Buying and Selling 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 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 approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Up 1.0 %

LOW stock opened at $261.39 on Friday. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The company has a market cap of $147.59 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The business’s 50-day simple moving average is $260.10 and its 200 day simple moving average is $254.31.

Lowe’s Companies Announces Dividend

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 paid a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.76%. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

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.

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

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