Stonebridge Financial Group LLC Takes Position in Lowe’s Companies, Inc. (NYSE:LOW)

Stonebridge Financial Group LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, Holdings Channel.com reports. The firm acquired 20,727 shares of the home improvement retailer’s stock, valued at approximately $5,115,000.

Other hedge funds also recently bought and sold shares of the company. IFS Advisors LLC bought a new position in Lowe’s Companies in the 4th quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies in the third quarter worth $27,000. Winch Advisory Services LLC boosted its stake in 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 valued at $30,000 after buying an additional 44 shares during the period. JNBA Financial Advisors grew its position in 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 buying an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC increased its stake in Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s 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 sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LOW has been the subject of a number of research analyst reports. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. TD Cowen boosted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Mizuho lifted their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, DA Davidson increased their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Price Performance

LOW opened at $256.69 on Tuesday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The business has a 50 day simple moving average of $257.24 and a two-hundred day simple moving average of $258.11. The firm has a market capitalization of $144.94 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.04 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

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.