Mather Group LLC. Decreases Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Mather Group LLC. cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,098 shares of the home improvement retailer’s stock after selling 4,888 shares during the quarter. Mather Group LLC.’s holdings in Lowe’s Companies were worth $15,820,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LOW. Welch Group LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at approximately $239,000. Commonwealth Financial Services LLC increased its position in shares of Lowe’s Companies by 20.9% during the 4th quarter. Commonwealth Financial Services LLC now owns 2,408 shares of the home improvement retailer’s stock valued at $594,000 after purchasing an additional 416 shares during the last quarter. Rockline Wealth Management LLC lifted its position in Lowe’s Companies by 4.7% in the fourth quarter. Rockline Wealth Management LLC now owns 15,156 shares of the home improvement retailer’s stock worth $3,740,000 after buying an additional 679 shares during the last quarter. Flavin Financial Services Inc. purchased a new position in Lowe’s Companies during the fourth quarter worth $492,000. Finally, Calamos Wealth Management LLC increased its position in Lowe’s Companies by 2.3% during the fourth quarter. Calamos Wealth Management LLC now owns 4,911 shares of the home improvement retailer’s stock valued at $1,212,000 after acquiring an additional 109 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LOW shares. DA Davidson lifted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Barclays increased their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. TD Cowen boosted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Finally, Truist Financial cut their price target on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Price Performance

NYSE:LOW opened at $256.73 on Tuesday. The firm has a market capitalization of $144.96 billion, a P/E ratio of 21.41, a PEG ratio of 2.18 and a beta of 1.11. The company’s fifty day moving average price is $259.00 and its 200-day moving average price is $257.46. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.79%. Lowe’s Companies’s payout ratio is 38.37%.

Lowe’s Companies 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.