Lowe’s Companies, Inc. (NYSE:LOW) Stock Position Reduced by Brady Family Wealth LLC

Brady Family Wealth LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,537 shares of the home improvement retailer’s stock after selling 1,047 shares during the period. Lowe’s Companies accounts for about 3.1% of Brady Family Wealth LLC’s holdings, making the stock its 5th largest holding. Brady Family Wealth LLC’s holdings in Lowe’s Companies were worth $10,251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC lifted its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the last quarter. RMR Wealth Builders boosted its stake in Lowe’s Companies by 20.2% in the fourth quarter. RMR Wealth Builders now owns 2,980 shares of the home improvement retailer’s stock valued at $735,000 after acquiring an additional 501 shares in the last quarter. D. Scott Neal Inc. grew its holdings in shares of Lowe’s Companies by 4.0% during the fourth quarter. D. Scott Neal Inc. now owns 2,600 shares of the home improvement retailer’s stock worth $642,000 after purchasing an additional 100 shares during the last quarter. Websterrogers Financial Advisors LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth about $400,000. Finally, ARS Wealth Advisors Group LLC lifted its holdings in shares of Lowe’s Companies by 4.8% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 3,571 shares of the home improvement retailer’s stock valued at $881,000 after purchasing an additional 164 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on LOW. Piper Sandler lifted their price target on Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Melius Research started coverage on shares of Lowe’s Companies in a report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price on the stock. Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Evercore ISI lifted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Finally, Truist Financial decreased their target price on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the 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 sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Trading Up 2.2 %

Shares of LOW opened at $256.73 on Thursday. The firm’s 50-day moving average is $260.54 and its two-hundred day moving average is $253.93. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The firm has a market capitalization of $144.96 billion, a P/E ratio of 21.41, a PEG ratio of 2.08 and a beta of 1.11.

Lowe’s Companies Announces Dividend

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 given a dividend of $1.15 per share. 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 1.79%. Lowe’s Companies’s payout ratio is 38.37%.

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.