Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Stiles Financial Services Inc

Stiles Financial Services Inc reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,246 shares of the home improvement retailer’s stock after selling 73 shares during the period. Stiles Financial Services Inc’s holdings in Lowe’s Companies were worth $308,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the 3rd quarter valued at about $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth about $25,000. JNBA Financial Advisors boosted its position in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Winch Advisory Services LLC increased its holdings in Lowe’s Companies by 56.4% in 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 period. Finally, MFA Wealth Advisors LLC raised its position in Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus increased their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Mizuho upped their target price on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Truist Financial reduced their price target on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $280.85.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated 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 directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $252.17 on Monday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The firm has a market capitalization of $142.39 billion, a PE ratio of 21.03, a P/E/G ratio of 2.04 and a beta of 1.11. The business’s 50 day moving average price is $257.24 and its 200-day moving average price is $257.92.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.82%. 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.