Aprio Wealth Management LLC Buys 783 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Aprio Wealth Management LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 33.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,113 shares of the home improvement retailer’s stock after acquiring an additional 783 shares during the quarter. Aprio Wealth Management LLC’s holdings in Lowe’s Companies were worth $768,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its stake in Lowe’s Companies by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 209,846 shares of the home improvement retailer’s stock worth $45,961,000 after purchasing an additional 594 shares during the period. Wealthspire Advisors LLC grew its stake in Lowe’s Companies by 1.1% during the second quarter. Wealthspire Advisors LLC now owns 6,972 shares of the home improvement retailer’s stock worth $1,537,000 after purchasing an additional 74 shares during the period. Envestnet Asset Management Inc. grew its stake in Lowe’s Companies by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,617,849 shares of the home improvement retailer’s stock worth $356,671,000 after purchasing an additional 90,945 shares during the period. J.W. Cole Advisors Inc. grew its stake in Lowe’s Companies by 3.9% during the second quarter. J.W. Cole Advisors Inc. now owns 7,215 shares of the home improvement retailer’s stock worth $1,591,000 after purchasing an additional 272 shares during the period. Finally, Lyell Wealth Management LP grew its stake in Lowe’s Companies by 2.0% during the second quarter. Lyell Wealth Management LP now owns 4,320 shares of the home improvement retailer’s stock worth $952,000 after purchasing an additional 83 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was 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 approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Up 0.4 %

Shares of Lowe’s Companies stock opened at $247.78 on Monday. The business’s fifty day simple moving average is $261.23 and its 200 day simple moving average is $253.51. The firm has a market capitalization of $139.91 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.20 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.

Lowe’s Companies Dividend Announcement

The company also recently announced 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 is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.86%. Lowe’s Companies’s payout ratio is presently 38.37%.

Analyst Ratings Changes

Several equities research analysts recently commented on LOW shares. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised 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. Piper Sandler raised their price objective on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

About Lowe’s Companies

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.