Robertson Stephens Wealth Management LLC Sells 2,417 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Robertson Stephens Wealth Management LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 48.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,573 shares of the home improvement retailer’s stock after selling 2,417 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Lowe’s Companies were worth $635,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies in the third quarter worth about $27,000. IFS Advisors LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $25,000. JNBA Financial Advisors increased 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 purchasing an additional 100 shares during the period. Winch Advisory Services LLC increased 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 purchasing an additional 44 shares during the period. Finally, MFA Wealth Advisors LLC increased its stake in shares of Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares during the period. 74.06% of the stock is currently 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 the company’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 transaction, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

Lowe’s Companies Price Performance

Shares of LOW opened at $252.17 on Friday. The company has a market capitalization of $142.39 billion, a P/E ratio of 21.03, a PEG ratio of 2.18 and a beta of 1.11. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The business’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 announced a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is currently 38.37%.

Analyst Ratings Changes

A number of research firms have recently commented on LOW. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. DA Davidson boosted their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their price target on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies 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.