Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Segment Wealth Management LLC

Segment Wealth Management LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,566 shares of the home improvement retailer’s stock after selling 415 shares during the period. Segment Wealth Management LLC’s holdings in Lowe’s Companies were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LOW. Solidarity Wealth LLC lifted its stake in shares of Lowe’s Companies by 627.5% in the 4th quarter. Solidarity Wealth LLC now owns 5,449 shares of the home improvement retailer’s stock valued at $1,345,000 after purchasing an additional 4,700 shares during the period. Brookmont Capital Management raised its position in shares of Lowe’s Companies by 17.7% in the fourth quarter. Brookmont Capital Management now owns 883 shares of the home improvement retailer’s stock worth $218,000 after acquiring an additional 133 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Lowe’s Companies by 0.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 85,150 shares of the home improvement retailer’s stock worth $21,015,000 after acquiring an additional 776 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $50,000. Finally, Pure Financial Advisors LLC increased its stake in shares of Lowe’s Companies by 9.8% in the 4th quarter. Pure Financial Advisors LLC now owns 1,987 shares of the home improvement retailer’s stock valued at $490,000 after purchasing an additional 177 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 shares were 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 owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on LOW shares. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $230.00 to $305.00 in a research report on Tuesday, September 24th. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Royal Bank of Canada raised their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Trading Up 1.3 %

NYSE LOW opened at $264.34 on Wednesday. The stock has a fifty day simple moving average of $259.83 and a 200-day simple moving average of $255.23. The stock has a market cap of $149.26 billion, a PE ratio of 22.05, a P/E/G ratio of 2.19 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 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.