Sugar Maple Asset Management LLC Invests $50,000 in Lowe’s Companies, Inc. (NYSE:LOW)

Sugar Maple Asset Management LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 204 shares of the home improvement retailer’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also bought and sold shares of LOW. Pure Financial Advisors LLC boosted its holdings in Lowe’s Companies by 9.8% in the fourth quarter. Pure Financial Advisors LLC now owns 1,987 shares of the home improvement retailer’s stock valued at $490,000 after acquiring an additional 177 shares in the last quarter. Tudor Financial Inc. boosted its holdings in Lowe’s Companies by 23.5% in the fourth quarter. Tudor Financial Inc. now owns 8,557 shares of the home improvement retailer’s stock valued at $2,112,000 after acquiring an additional 1,627 shares in the last quarter. Addenda Capital Inc. boosted its holdings in Lowe’s Companies by 0.9% in the fourth quarter. Addenda Capital Inc. now owns 36,218 shares of the home improvement retailer’s stock valued at $8,939,000 after acquiring an additional 309 shares in the last quarter. Ulland Investment Advisors LLC boosted its holdings in Lowe’s Companies by 1.2% in the fourth quarter. Ulland Investment Advisors LLC now owns 10,255 shares of the home improvement retailer’s stock valued at $2,531,000 after acquiring an additional 123 shares in the last quarter. Finally, SFG Wealth Management LLC. purchased a new position in Lowe’s Companies during the fourth quarter valued at $262,000. 74.06% of the stock is currently owned by institutional investors.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Lowe’s Companies Trading Up 1.0 %

Shares of NYSE:LOW opened at $261.39 on Tuesday. The stock has a 50 day moving average of $260.10 and a 200 day moving average of $254.89. The company has a market cap of $147.59 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11. 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 business also recently disclosed 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. 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 1.76%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LOW shares. Truist Financial lowered their price objective on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. DA Davidson lifted their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.