Capital Investment Advisors LLC Purchases 84 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Capital Investment Advisors LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,439 shares of the home improvement retailer’s stock after acquiring an additional 84 shares during the period. Capital Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Trust Co. of Toledo NA OH increased its holdings in Lowe’s Companies by 0.6% in 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 increased its stake 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 acquiring an additional 62 shares in the last quarter. Aprio Wealth Management LLC lifted its position in shares of Lowe’s Companies by 33.6% during 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 during the period. Czech National Bank boosted its stake in Lowe’s Companies by 6.0% during the fourth quarter. Czech National Bank now owns 123,001 shares of the home improvement retailer’s stock worth $30,357,000 after acquiring an additional 6,920 shares in the last quarter. Finally, RMR Wealth Builders grew its holdings in Lowe’s Companies by 20.2% in the fourth quarter. RMR Wealth Builders now owns 2,980 shares of the home improvement retailer’s stock worth $735,000 after purchasing an additional 501 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on LOW. Piper Sandler upped their price objective on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. TD Cowen increased their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Sanford C. Bernstein raised their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated 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 transaction, the executive vice president now owns 16,703 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $248.64 on Tuesday. The firm has a market cap of $140.39 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 2.20 and a beta of 1.11. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The firm’s 50-day simple moving average is $260.90 and its two-hundred day simple moving average is $253.71.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.85%. Lowe’s Companies’s payout ratio is 38.37%.

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.