Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,630 shares of the home improvement retailer’s stock after acquiring an additional 294 shares during the period. Lowe’s Companies accounts for approximately 1.8% of Tilia Fiduciary Partners Inc.’s holdings, making the stock its 17th biggest position. Tilia Fiduciary Partners Inc.’s holdings in Lowe’s Companies were worth $2,624,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Crew Capital Management Ltd. raised its stake in Lowe’s Companies by 1.0% in the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock valued at $1,049,000 after buying an additional 37 shares during the period. Summit Place Financial Advisors LLC grew its stake in Lowe’s Companies by 2.8% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock valued at $372,000 after buying an additional 37 shares during the last quarter. Clean Yield Group lifted its position in Lowe’s Companies by 2.4% during the third quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer’s stock worth $433,000 after acquiring an additional 38 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Lowe’s Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after acquiring an additional 40 shares during the period. Finally, Chapin Davis Inc. grew its position in shares of Lowe’s Companies by 1.3% in the third quarter. Chapin Davis Inc. now owns 3,082 shares of the home improvement retailer’s stock valued at $835,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research reports. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Barclays upped their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their price objective 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. Guggenheim restated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, DA Davidson lifted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Eleven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Stock Up 0.4 %

NYSE LOW traded up $0.89 on Friday, hitting $247.78. The company’s stock had a trading volume of 2,495,973 shares, compared to its average volume of 2,224,332. The company’s 50-day moving average is $261.51 and its 200 day moving average is $252.88. The firm has a market cap of $139.91 billion, a PE ratio of 20.67, a PEG ratio of 2.20 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s 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 transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

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.