GHP Investment Advisors Inc. Buys 85 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

GHP Investment Advisors Inc. increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 8.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,147 shares of the home improvement retailer’s stock after purchasing an additional 85 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Lowe’s Companies were worth $283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Silver Oak Securities Incorporated increased its stake in shares of Lowe’s Companies by 94.4% during the 4th quarter. Silver Oak Securities Incorporated now owns 5,026 shares of the home improvement retailer’s stock worth $1,240,000 after purchasing an additional 2,440 shares during the last quarter. Financial Advocates Investment Management increased its position in Lowe’s Companies by 5.8% during the fourth quarter. Financial Advocates Investment Management now owns 4,189 shares of the home improvement retailer’s stock worth $1,034,000 after buying an additional 230 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Lowe’s Companies by 68.7% in the fourth quarter. State of Alaska Department of Revenue now owns 123,829 shares of the home improvement retailer’s stock valued at $30,560,000 after buying an additional 50,408 shares during the period. NovaPoint Capital LLC lifted its position in shares of Lowe’s Companies by 7.0% in the fourth quarter. NovaPoint Capital LLC now owns 4,427 shares of the home improvement retailer’s stock valued at $1,092,000 after buying an additional 289 shares during the last quarter. Finally, Tyche Wealth Partners LLC lifted its position in shares of Lowe’s Companies by 8.1% in the fourth quarter. Tyche Wealth Partners LLC now owns 6,729 shares of the home improvement retailer’s stock valued at $1,661,000 after buying an additional 502 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated Wednesday, November 27th. The stock was 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 in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is owned by insiders.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $252.17 on Friday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock has a market capitalization of $142.39 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.18 and a beta of 1.11. The company’s 50 day simple moving average is $257.65 and its 200 day simple moving average is $257.70.

Lowe’s Companies Dividend Announcement

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

Wall Street Analyst Weigh In

LOW has been the topic of a number of research analyst reports. TD Cowen increased their price target 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. Mizuho increased their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Evercore ISI lifted 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 report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Bank of America raised their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

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.