ORG Partners LLC Acquires 295 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

ORG Partners LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,823 shares of the home improvement retailer’s stock after purchasing an additional 295 shares during the quarter. ORG Partners LLC’s holdings in Lowe’s Companies were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. StoneX Group Inc. bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $2,713,000. Principal Financial Group Inc. boosted its position in Lowe’s Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after purchasing an additional 24,812 shares during the last quarter. HM Payson & Co. grew its stake in Lowe’s Companies by 1.1% in the third quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock valued at $58,409,000 after purchasing an additional 2,322 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $16,143,000. Finally, Daymark Wealth Partners LLC raised its stake in shares of Lowe’s Companies by 12.7% during the 2nd quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer’s stock worth $5,637,000 after purchasing an additional 2,889 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.4 %

NYSE LOW opened at $247.78 on Friday. The company has a market cap of $139.91 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.20 and a beta of 1.11. The company has a 50 day moving average of $261.23 and a 200-day moving average of $253.01. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01.

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 issued a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.86%. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

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 stock was sold at an average price of $274.37, for a total value 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. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LOW. Wedbush restated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their target price for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Truist Financial dropped their price objective on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, Melius Research began coverage on Lowe’s Companies in a research note on Monday, September 23rd. They set a “buy” rating and a $290.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.