Insight Inv LLC Purchases 75 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Insight Inv LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,302 shares of the home improvement retailer’s stock after buying an additional 75 shares during the quarter. Insight Inv LLC’s holdings in Lowe’s Companies were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. CFS Investment Advisory Services LLC boosted its holdings in shares of Lowe’s Companies by 0.9% in the 4th quarter. CFS Investment Advisory Services LLC now owns 11,701 shares of the home improvement retailer’s stock worth $2,888,000 after acquiring an additional 109 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in Lowe’s Companies by 7.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,330 shares of the home improvement retailer’s stock valued at $2,549,000 after purchasing an additional 739 shares during the last quarter. Firethorn Wealth Partners LLC boosted its stake in Lowe’s Companies by 6.1% in the fourth quarter. Firethorn Wealth Partners LLC now owns 2,198 shares of the home improvement retailer’s stock worth $542,000 after purchasing an additional 126 shares in the last quarter. Cottonwood Capital Advisors LLC grew its holdings in shares of Lowe’s Companies by 7.6% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 979 shares of the home improvement retailer’s stock worth $242,000 after purchasing an additional 69 shares during the last quarter. Finally, Goelzer Investment Management Inc. increased its stake in shares of Lowe’s Companies by 0.8% in the fourth quarter. Goelzer Investment Management Inc. now owns 24,364 shares of the home improvement retailer’s stock valued at $6,013,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 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 represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Up 0.4 %

Lowe’s Companies stock opened at $262.35 on Friday. The company has a 50 day moving average of $259.11 and a 200-day moving average of $255.95. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The stock has a market capitalization of $148.13 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11.

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 $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is presently 38.37%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LOW shares. Loop Capital upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and upped their price target for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. TD Cowen increased their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Evercore ISI increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. Finally, DA Davidson boosted their target price 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. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target 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.