Franklin Street Advisors Inc. NC Buys 661 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Franklin Street Advisors Inc. NC increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,144 shares of the home improvement retailer’s stock after purchasing an additional 661 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Lowe’s Companies were worth $6,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter worth $27,000. JNBA Financial Advisors grew its stake in shares of 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 purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares during the last quarter. Kimelman & Baird LLC bought a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $37,000. Finally, Tsfg LLC boosted its holdings in shares of Lowe’s Companies by 128.2% in the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 100 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Mizuho increased their price target on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Piper Sandler raised their price target on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Barclays upped their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Eleven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Price Performance

Shares of LOW stock traded up $2.29 during mid-day trading on Friday, hitting $249.18. 935,599 shares of the stock traded hands, compared to its average volume of 2,029,531. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01. The stock has a market cap of $140.70 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.20 and a beta of 1.11. The stock’s fifty day moving average is $261.51 and its two-hundred day moving average is $252.88.

Lowe’s Companies Dividend Announcement

The company also recently declared 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. This represents a $4.60 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.