Stockman Wealth Management Inc. Acquires 287 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Stockman Wealth Management Inc. raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 30,746 shares of the home improvement retailer’s stock after purchasing an additional 287 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Lowe’s Companies were worth $7,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the third quarter worth $27,000. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth $25,000. JNBA Financial Advisors lifted its position in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Winch Advisory Services LLC lifted its position in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares during the last quarter. Finally, MFA Wealth Advisors LLC increased its stake in shares of Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Down 1.9 %

Shares of LOW opened at $252.17 on Friday. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a market capitalization of $142.39 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The stock has a fifty day simple moving average of $257.24 and a two-hundred day simple moving average of $257.78.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Stifel Nicolaus raised their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. TD Cowen raised 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. Finally, DA Davidson raised their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies 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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.