Graves Light Lenhart Wealth Inc. Acquires 2,191 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Graves Light Lenhart Wealth Inc. raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 155.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,603 shares of the home improvement retailer's stock after purchasing an additional 2,191 shares during the quarter. Graves Light Lenhart Wealth Inc.'s holdings in Lowe's Companies were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake in Lowe's Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after buying an additional 2,399,897 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Lowe's Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock valued at $578,256,000 after acquiring an additional 2,027,668 shares during the last quarter. Applied Finance Capital Management LLC boosted its position in shares of Lowe's Companies by 387.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer's stock valued at $219,761,000 after purchasing an additional 645,017 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Lowe's Companies by 170.5% in the 2nd quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer's stock worth $162,178,000 after purchasing an additional 463,645 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Lowe's Companies by 1.9% in the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after purchasing an additional 460,851 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe's Companies

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 shares were sold at an average price of $274.37, for a total transaction 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. The trade was a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LOW. Oppenheimer upgraded shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Evercore ISI lifted their target price on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a report on Thursday, December 12th. Barclays upped their target price 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. Guggenheim restated a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. Finally, TD Cowen upped their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $280.85.

Lowe's Companies Stock Up 1.1 %

NYSE:LOW traded up $2.64 during mid-day trading on Tuesday, reaching $251.30. 2,055,046 shares of the company were exchanged, compared to its average volume of 2,331,843. Lowe's Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The stock has a market cap of $141.90 billion, a PE ratio of 20.96, a PEG ratio of 2.20 and a beta of 1.11. The company has a fifty day moving average of $260.54 and a 200 day moving average of $253.93.

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.83%. The ex-dividend date is Wednesday, January 22nd. Lowe's Companies's dividend payout ratio is 38.37%.

About Lowe's Companies

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.