Founders Capital Management cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,102 shares of the home improvement retailer’s stock after selling 762 shares during the period. Lowe’s Companies makes up approximately 1.6% of Founders Capital Management’s investment portfolio, making the stock its 19th largest holding. Founders Capital Management’s holdings in Lowe’s Companies were worth $2,493,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in LOW. Kieckhefer Group LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $46,000. Capital Investment Advisors LLC increased its stake in Lowe’s Companies by 1.1% in the fourth quarter. Capital Investment Advisors LLC now owns 7,439 shares of the home improvement retailer’s stock valued at $1,836,000 after purchasing an additional 84 shares in the last quarter. Trust Co. of Toledo NA OH boosted its position in shares of Lowe’s Companies by 0.6% during the fourth quarter. Trust Co. of Toledo NA OH now owns 30,492 shares of the home improvement retailer’s stock worth $7,525,000 after purchasing an additional 175 shares in the last quarter. Winthrop Advisory Group LLC grew its holdings in shares of Lowe’s Companies by 5.3% in the 4th quarter. Winthrop Advisory Group LLC now owns 1,239 shares of the home improvement retailer’s stock valued at $306,000 after buying an additional 62 shares during the period. Finally, Aprio Wealth Management LLC lifted its position in Lowe’s Companies by 33.6% in the 4th quarter. Aprio Wealth Management LLC now owns 3,113 shares of the home improvement retailer’s stock valued at $768,000 after acquiring an additional 783 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.
Analyst Upgrades and Downgrades
LOW has been the topic of several research reports. TD Cowen boosted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Evercore ISI raised their target price 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. Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Barclays raised their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Mizuho increased their target price on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $280.85.
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 that occurred 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 owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.
Lowe’s Companies Stock Performance
Shares of LOW traded up $0.63 during mid-day trading on Monday, reaching $248.53. 972,786 shares of the company were exchanged, compared to its average volume of 2,119,756. The business has a 50 day simple moving average of $261.23 and a two-hundred day simple moving average of $253.51. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The stock has a market capitalization of $140.33 billion, a PE ratio of 20.73, a PEG ratio of 2.20 and a beta of 1.11.
Lowe’s Companies Announces Dividend
The company also recently disclosed 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 1.85%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.
About Lowe’s Companies
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.
Featured Articles
- Five stocks we like better than Lowe’s Companies
- What Are Some of the Best Large-Cap Stocks to Buy?
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Delta Can Fly to New Highs in 2025; Here’s Why
- What is Insider Trading? What You Can Learn from Insider Trading
- Snowflake Stock: Bullish Upgrades Demand Investors’ Attention
Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW – Free Report).
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.