Pineridge Advisors LLC Has $137,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Pineridge Advisors LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 37.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 554 shares of the home improvement retailer’s stock after purchasing an additional 150 shares during the quarter. Pineridge Advisors LLC’s holdings in Lowe’s Companies were worth $137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Crew Capital Management Ltd. boosted its position in Lowe’s Companies by 1.0% during the 3rd quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock worth $1,049,000 after buying an additional 37 shares during the period. Summit Place Financial Advisors LLC raised its stake in shares of Lowe’s Companies by 2.8% during the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock valued at $372,000 after acquiring an additional 37 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Lowe’s Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after purchasing an additional 40 shares during the period. Saxony Capital Management LLC grew its stake in shares of Lowe’s Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after purchasing an additional 40 shares during the last quarter. Finally, Powers Advisory Group LLC increased its holdings in Lowe’s Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after purchasing an additional 40 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on Wednesday, November 27th. The stock was 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 approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $256.69 on Tuesday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a market cap of $144.94 billion, a PE ratio of 21.41, a PEG ratio of 2.04 and a beta of 1.11. The firm has a 50-day moving average of $257.24 and a 200-day moving average of $258.11.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were issued 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 was Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Analysts Set New Price Targets

LOW has been the subject of a number of analyst reports. Royal Bank of Canada raised their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Truist Financial lowered their price target on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Barclays upped 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 note on Wednesday, November 20th. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Stifel Nicolaus upped their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Ten investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

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.