Lowe’s Companies, Inc. (NYSE:LOW) Stake Decreased by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,417 shares of the home improvement retailer’s stock after selling 1,435 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Lowe’s Companies were worth $4,792,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC lifted its holdings in shares of Lowe’s Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after buying an additional 2,399,897 shares during the period. International Assets Investment Management LLC boosted its position in shares of Lowe’s Companies by 1,889.7% during the 3rd 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 purchasing an additional 2,027,668 shares in the last quarter. Applied Finance Capital Management LLC grew its stake in shares of Lowe’s Companies by 387.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after purchasing an additional 645,017 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Lowe’s Companies by 170.5% in the 2nd quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer’s stock worth $162,178,000 after purchasing an additional 463,645 shares in the last quarter. Finally, State Street Corp lifted its stake in Lowe’s Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock valued at $6,774,948,000 after purchasing an additional 460,851 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s 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 transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on LOW. Barclays upped their price target on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and increased their price target for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. Truist Financial cut their price objective on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. TD Cowen raised their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Price Performance

Shares of NYSE LOW traded up $0.72 during trading hours on Monday, hitting $248.62. 1,140,822 shares of the company’s stock were exchanged, compared to its average volume of 2,144,133. The stock has a market capitalization of $140.38 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 2.20 and a beta of 1.11. The company’s 50-day moving average price is $261.23 and its 200-day moving average price is $253.51. 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 announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is currently 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.