Lowe’s Companies, Inc. (NYSE:LOW) is Threadgill Financial LLC’s 6th Largest Position

Threadgill Financial LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,304 shares of the home improvement retailer’s stock after selling 148 shares during the quarter. Lowe’s Companies accounts for 4.2% of Threadgill Financial LLC’s portfolio, making the stock its 6th largest position. Threadgill Financial LLC’s holdings in Lowe’s Companies were worth $7,973,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Aprio Wealth Management LLC grew its holdings in Lowe’s Companies by 33.6% during the fourth quarter. Aprio Wealth Management LLC now owns 3,113 shares of the home improvement retailer’s stock worth $768,000 after acquiring an additional 783 shares during the period. Czech National Bank boosted its position in Lowe’s Companies by 6.0% in the 4th quarter. Czech National Bank now owns 123,001 shares of the home improvement retailer’s stock worth $30,357,000 after purchasing an additional 6,920 shares in the last quarter. RMR Wealth Builders grew its stake in shares of Lowe’s Companies by 20.2% during the 4th quarter. RMR Wealth Builders now owns 2,980 shares of the home improvement retailer’s stock worth $735,000 after purchasing an additional 501 shares during the period. Tilia Fiduciary Partners Inc. increased its holdings in shares of Lowe’s Companies by 2.8% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 10,630 shares of the home improvement retailer’s stock valued at $2,624,000 after purchasing an additional 294 shares in the last quarter. Finally, Atlas Brown Inc. lifted its stake in shares of Lowe’s Companies by 7.2% in the 4th quarter. Atlas Brown Inc. now owns 1,557 shares of the home improvement retailer’s stock valued at $384,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $247.78 on Monday. The company’s 50-day moving average is $261.23 and its two-hundred day moving average is $253.51. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01. The firm has a market capitalization of $139.91 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Insider Activity at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on LOW shares. Bank of America raised their price target on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Barclays raised their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Truist Financial dropped 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 research note on Thursday, December 12th. Finally, Wells Fargo & Company upped their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Eleven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average 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.