StrongBox Wealth LLC Trims Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

StrongBox Wealth LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 889 shares of the home improvement retailer’s stock after selling 54 shares during the period. StrongBox Wealth LLC’s holdings in Lowe’s Companies were worth $219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Virtu Financial LLC raised its holdings in Lowe’s Companies by 3.1% in the 2nd quarter. Virtu Financial LLC now owns 3,296 shares of the home improvement retailer’s stock valued at $727,000 after buying an additional 99 shares during the period. Perennial Investment Advisors LLC raised its holdings in Lowe’s Companies by 3.0% in the 2nd quarter. Perennial Investment Advisors LLC now owns 2,228 shares of the home improvement retailer’s stock valued at $491,000 after buying an additional 64 shares during the period. Axxcess Wealth Management LLC increased its stake in Lowe’s Companies by 27.2% during the second quarter. Axxcess Wealth Management LLC now owns 16,451 shares of the home improvement retailer’s stock worth $3,627,000 after purchasing an additional 3,521 shares during the period. Financial & Tax Architects LLC increased its stake in Lowe’s Companies by 5.4% during the second quarter. Financial & Tax Architects LLC now owns 26,973 shares of the home improvement retailer’s stock worth $5,946,000 after purchasing an additional 1,392 shares during the period. Finally, Meridian Wealth Partners LLC increased its stake in Lowe’s Companies by 2.7% during the second quarter. Meridian Wealth Partners LLC now owns 1,887 shares of the home improvement retailer’s stock worth $416,000 after purchasing an additional 49 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Up 2.2 %

Shares of LOW opened at $256.73 on Thursday. The firm has a market cap of $144.96 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The company’s 50 day simple moving average is $260.54 and its 200-day simple moving average is $253.93. Lowe’s Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01.

Lowe’s Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Melius Research assumed coverage on shares of Lowe’s Companies in a research note on Monday, September 23rd. They set a “buy” rating and a $290.00 price target on the stock. Evercore ISI boosted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada boosted their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $280.85.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Company 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.