Cyndeo Wealth Partners LLC Sells 246 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cyndeo Wealth Partners LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,888 shares of the home improvement retailer’s stock after selling 246 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Lowe’s Companies were worth $1,206,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Crew Capital Management Ltd. raised its stake in shares of Lowe’s Companies by 1.0% in the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock worth $1,049,000 after buying an additional 37 shares during the period. Summit Place Financial Advisors LLC grew its position in shares of Lowe’s Companies by 2.8% during the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock worth $372,000 after purchasing an additional 37 shares in the last quarter. Clean Yield Group grew its position in shares of Lowe’s Companies by 2.4% during the third quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer’s stock worth $433,000 after purchasing an additional 38 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of Lowe’s Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after purchasing an additional 40 shares in the last quarter. Finally, Chapin Davis Inc. grew its position in shares of Lowe’s Companies by 1.3% during the third quarter. Chapin Davis Inc. now owns 3,082 shares of the home improvement retailer’s stock worth $835,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.4 %

Shares of LOW stock opened at $262.35 on Friday. 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 price-to-earnings ratio of 21.88, a P/E/G ratio of 2.16 and a beta of 1.11. The stock has a fifty day simple moving average of $259.11 and a two-hundred day simple moving average of $255.95.

Lowe’s Companies Dividend Announcement

The company also recently announced 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 dividend yield of 1.75%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is 38.37%.

Analysts Set New Price Targets

Several analysts recently issued reports on LOW shares. Barclays increased their target price on 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. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. TD Cowen increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Royal Bank of Canada raised their price target on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, DA Davidson raised their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was 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 directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.