SteelPeak Wealth LLC Has $2.14 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

SteelPeak Wealth LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,659 shares of the home improvement retailer’s stock after selling 138 shares during the period. SteelPeak Wealth LLC’s holdings in Lowe’s Companies were worth $2,137,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LOW. Axiom Financial Strategies LLC raised its stake in shares of Lowe’s Companies by 3.3% in the fourth quarter. Axiom Financial Strategies LLC now owns 1,377 shares of the home improvement retailer’s stock valued at $340,000 after purchasing an additional 44 shares in the last quarter. Stonegate Investment Group LLC increased its holdings in Lowe’s Companies by 3.0% in the 4th quarter. Stonegate Investment Group LLC now owns 11,213 shares of the home improvement retailer’s stock valued at $2,767,000 after buying an additional 325 shares during the period. Perigon Wealth Management LLC raised its stake in shares of Lowe’s Companies by 131.6% in the 4th quarter. Perigon Wealth Management LLC now owns 8,073 shares of the home improvement retailer’s stock valued at $2,089,000 after buying an additional 4,587 shares in the last quarter. Proathlete Wealth Management LLC lifted its holdings in shares of Lowe’s Companies by 2.9% during the 4th quarter. Proathlete Wealth Management LLC now owns 2,861 shares of the home improvement retailer’s stock worth $706,000 after acquiring an additional 80 shares during the period. Finally, Curbstone Financial Management Corp boosted its position in shares of Lowe’s Companies by 4.2% during the 4th quarter. Curbstone Financial Management Corp now owns 3,392 shares of the home improvement retailer’s stock valued at $837,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LOW shares. Barclays lifted their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and boosted their price target for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Royal Bank of Canada increased their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Truist Financial reduced their target price on shares of 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. Finally, Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $261.72 on Thursday. The stock has a market cap of $147.78 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. The stock has a 50-day moving average of $259.15 and a 200-day moving average of $256.97. Lowe’s Companies, Inc. has a one year low of $210.10 and a one year 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 issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.76%. Lowe’s Companies’s dividend payout ratio (DPR) 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.