Simon Quick Advisors LLC Acquires 447 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Simon Quick Advisors LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,014 shares of the home improvement retailer’s stock after acquiring an additional 447 shares during the period. Simon Quick Advisors LLC’s holdings in Lowe’s Companies were worth $744,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LOW. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Lowe’s Companies by 59.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 109,597 shares of the home improvement retailer’s stock worth $24,162,000 after acquiring an additional 40,701 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in Lowe’s Companies by 337.5% in the 2nd quarter. Insigneo Advisory Services LLC now owns 6,974 shares of the home improvement retailer’s stock worth $1,653,000 after purchasing an additional 5,380 shares in the last quarter. Caxton Associates LP bought a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $1,276,000. Abich Financial Wealth Management LLC bought a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $77,000. Finally, AQR Capital Management LLC grew its position in shares of Lowe’s Companies by 37.6% during the second quarter. AQR Capital Management LLC now owns 80,500 shares of the home improvement retailer’s stock valued at $17,664,000 after purchasing an additional 21,995 shares in the last quarter. Hedge funds and other 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 company’s 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 completion of the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LOW. Royal Bank of Canada increased 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. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and increased their target price for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. TD Cowen raised their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. DA Davidson upped their price target on shares of 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, Piper Sandler lifted their price objective on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $258.04 on Thursday. Lowe’s Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01. The company has a market capitalization of $145.70 billion, a PE ratio of 21.52, a P/E/G ratio of 2.19 and a beta of 1.11. The company has a 50 day moving average price of $259.72 and a 200-day moving average price of $255.58.

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. This represents a $4.60 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is 38.37%.

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.