Wells Trecaso Financial Group LLC Sells 50 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Wells Trecaso Financial Group LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,035 shares of the home improvement retailer’s stock after selling 50 shares during the period. Wells Trecaso Financial Group LLC’s holdings in Lowe’s Companies were worth $502,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LOW. IFS Advisors LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies in the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC boosted its stake in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares during the period. JNBA Financial Advisors grew its holdings in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC raised its position in shares of Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.2 %

Shares of Lowe’s Companies stock opened at $261.16 on Friday. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The company has a market capitalization of $147.47 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. The stock’s fifty day moving average is $259.44 and its two-hundred day moving average is $255.60.

Lowe’s Companies Dividend Announcement

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 issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. Lowe’s Companies’s payout ratio is 38.37%.

Insider Activity

In other 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 transaction of $1,974,915.26. Following the transaction, the executive vice president now 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 filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LOW shares. Piper Sandler upped their target price on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Evercore ISI boosted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Royal Bank of Canada increased their price target on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Bank of America lifted their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

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.