Dumont & Blake Investment Advisors LLC Lowers Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Dumont & Blake Investment Advisors LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,521 shares of the home improvement retailer’s stock after selling 74 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,116,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at $27,000. Winch Advisory Services LLC lifted its stake in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares in the last quarter. JNBA Financial Advisors lifted its stake in Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC lifted its stake in 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 worth $35,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW opened at $264.12 on Friday. The company has a 50 day moving average price of $259.13 and a 200-day moving average price of $257.00. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a market capitalization of $149.13 billion, a PE ratio of 22.03, a PEG ratio of 2.19 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.74%. Lowe’s Companies’s payout ratio is presently 38.37%.

Analysts Set New Price Targets

Several brokerages have commented on LOW. Truist Financial decreased their price target on shares of 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. Royal Bank of Canada boosted their price target on shares of 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Evercore ISI boosted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Finally, Barclays boosted their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $280.85.

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.