Clarendon Private LLC Purchases Shares of 1,835 Lowe’s Companies, Inc. (NYSE:LOW)

Clarendon Private LLC acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,835 shares of the home improvement retailer’s stock, valued at approximately $453,000.

A number of other large investors also recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of Lowe’s Companies by 37.6% during the 2nd quarter. AQR Capital Management LLC now owns 80,500 shares of the home improvement retailer’s stock worth $17,664,000 after buying an additional 21,995 shares in the last quarter. Mackenzie Financial Corp boosted its position in Lowe’s Companies by 12.0% in the second quarter. Mackenzie Financial Corp now owns 140,661 shares of the home improvement retailer’s stock worth $31,010,000 after purchasing an additional 15,093 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc grew its stake in Lowe’s Companies by 19.8% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 1,891 shares of the home improvement retailer’s stock valued at $417,000 after purchasing an additional 312 shares during the period. Kathmere Capital Management LLC increased its position in shares of Lowe’s Companies by 92.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 2,781 shares of the home improvement retailer’s stock valued at $613,000 after purchasing an additional 1,334 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 10.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 1,979 shares of the home improvement retailer’s stock worth $436,000 after purchasing an additional 183 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. TD Cowen increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Finally, Piper Sandler lifted their target price on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Trading Up 0.4 %

NYSE LOW opened at $262.35 on Friday. The stock has a market cap of $148.13 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.16 and a beta of 1.11. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The company’s 50 day moving average is $259.11 and its two-hundred day moving average is $255.95.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders 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 dividend on an annualized basis and a yield of 1.75%. Lowe’s Companies’s payout ratio is presently 38.37%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.