Empirical Asset Management LLC Boosts Position in Lowe's Companies, Inc. (NYSE:LOW)

Empirical Asset Management LLC grew its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4,444.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,614 shares of the home improvement retailer's stock after buying an additional 102,312 shares during the period. Empirical Asset Management LLC's holdings in Lowe's Companies were worth $25,819,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. IFS Advisors LLC bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe's Companies in the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC grew its stake in shares of Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the last quarter. JNBA Financial Advisors increased its position in 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 buying an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC raised its stake in Lowe's Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock valued at $35,000 after buying an additional 70 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays raised their price target 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. Truist Financial decreased their target price on shares of Lowe's Companies from $310.00 to $307.00 and set a "buy" rating for the company in a report on Thursday, December 12th. TD Cowen increased their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. Royal Bank of Canada boosted their price objective on shares of Lowe's Companies from $291.00 to $292.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Finally, Evercore ISI increased their target price on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $280.85.

Insider Activity at Lowe's Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares of the company's stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by insiders.

Lowe's Companies Trading Up 0.8 %

Shares of NYSE:LOW traded up $2.10 during midday trading on Friday, reaching $260.88. 1,531,125 shares of the company were exchanged, compared to its average volume of 2,262,008. The business's fifty day moving average is $260.44 and its two-hundred day moving average is $253.95. Lowe's Companies, Inc. has a one year low of $209.55 and a one year high of $287.01. The stock has a market cap of $147.31 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11.

Lowe's Companies Dividend Announcement

The firm 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 dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, January 22nd. 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.