Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Brady Family Wealth LLC

Brady Family Wealth LLC lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,537 shares of the home improvement retailer's stock after selling 1,047 shares during the quarter. Lowe's Companies accounts for 3.1% of Brady Family Wealth LLC's investment portfolio, making the stock its 5th largest position. Brady Family Wealth LLC's holdings in Lowe's Companies were worth $10,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in LOW. Virtu Financial LLC increased its holdings in Lowe's Companies by 3.1% during the 2nd quarter. Virtu Financial LLC now owns 3,296 shares of the home improvement retailer's stock valued at $727,000 after acquiring an additional 99 shares in the last quarter. Perennial Investment Advisors LLC grew its holdings in shares of Lowe's Companies by 3.0% during the second quarter. Perennial Investment Advisors LLC now owns 2,228 shares of the home improvement retailer's stock worth $491,000 after buying an additional 64 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Lowe's Companies by 27.2% during the second quarter. Axxcess Wealth Management LLC now owns 16,451 shares of the home improvement retailer's stock worth $3,627,000 after buying an additional 3,521 shares in the last quarter. Financial & Tax Architects LLC grew its holdings in shares of Lowe's Companies by 5.4% during the second quarter. Financial & Tax Architects LLC now owns 26,973 shares of the home improvement retailer's stock worth $5,946,000 after buying an additional 1,392 shares in the last quarter. Finally, Meridian Wealth Partners LLC grew its holdings in shares of Lowe's Companies by 2.7% during the second quarter. Meridian Wealth Partners LLC now owns 1,887 shares of the home improvement retailer's stock worth $416,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

LOW traded up $1.98 on Thursday, reaching $258.70. The company's stock had a trading volume of 1,880,921 shares, compared to its average volume of 2,340,600. Lowe's Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The business's 50 day moving average is $260.44 and its 200 day moving average is $253.95. The stock has a market cap of $146.07 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11.

Lowe's Companies Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.78%. Lowe's Companies's dividend payout ratio (DPR) is presently 38.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a report on Thursday, December 12th. Loop Capital upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating and lifted their price target for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Mizuho lifted their price target on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Barclays raised 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. Finally, TD Cowen raised their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Eleven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $280.85.

Insider Activity at Lowe's Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

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.