Novare Capital Management LLC Purchases 161 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Novare Capital Management LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 46,522 shares of the home improvement retailer’s stock after buying an additional 161 shares during the quarter. Novare Capital Management LLC’s holdings in Lowe’s Companies were worth $11,482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies in the third quarter worth $27,000. Winch Advisory Services LLC grew its stake in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the last quarter. JNBA Financial Advisors grew its stake in shares of Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, MFA Wealth Advisors LLC increased its holdings 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 acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LOW shares. DA Davidson upped their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. TD Cowen upped their target price 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. Barclays raised their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Bank of America upped their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Truist Financial cut their target price on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies 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 transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $262.35 on Friday. The company has a market cap of $148.13 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.16 and a beta of 1.11. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The firm has a fifty day moving average price of $259.11 and a 200-day moving average price of $255.95.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.75%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 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.