Rockline Wealth Management LLC Buys 679 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Rockline Wealth Management LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,156 shares of the home improvement retailer’s stock after purchasing an additional 679 shares during the quarter. Rockline Wealth Management LLC’s holdings in Lowe’s Companies were worth $3,740,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LOW. FMR LLC lifted its holdings in shares of Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after purchasing an additional 2,399,897 shares during the last quarter. International Assets Investment Management LLC raised its stake in Lowe’s Companies by 1,889.7% in the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock valued at $578,256,000 after buying an additional 2,027,668 shares during the last quarter. Applied Finance Capital Management LLC boosted its holdings in Lowe’s Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after acquiring an additional 645,017 shares in the last quarter. State Street Corp boosted its holdings in Lowe’s Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after acquiring an additional 460,851 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Lowe’s Companies by 219.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 458,343 shares of the home improvement retailer’s stock worth $124,142,000 after acquiring an additional 314,861 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $256.73 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The company has a market cap of $144.96 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.18 and a beta of 1.11. The stock has a 50 day simple moving average of $259.00 and a 200-day simple moving average of $257.46.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LOW shares. Barclays increased their price objective 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. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wedbush reissued a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Finally, Mizuho boosted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.