Arkadios Wealth Advisors Buys 1,279 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Arkadios Wealth Advisors raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,821 shares of the home improvement retailer's stock after purchasing an additional 1,279 shares during the period. Arkadios Wealth Advisors' holdings in Lowe's Companies were worth $2,177,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Lowe's Companies in the 3rd quarter worth $27,000. IFS Advisors LLC bought a new stake in shares of Lowe's Companies in the fourth quarter valued at about $25,000. JNBA Financial Advisors boosted its position in shares of Lowe's Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after buying an additional 100 shares during the period. Winch Advisory Services LLC grew its holdings in shares of Lowe's Companies by 56.4% during the fourth 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 in the last quarter. Finally, MFA Wealth Advisors LLC grew its holdings in shares of 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 worth $35,000 after buying an additional 70 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Bank of America upped their price target on Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. Piper Sandler increased their target price on shares of Lowe's Companies from $262.00 to $307.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Wells Fargo & Company lifted their price target on shares of Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Oppenheimer upgraded shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada lifted their target price on Lowe's Companies from $291.00 to $292.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $280.85.

Insider Buying and Selling

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 transaction of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

Lowe's Companies Price Performance

NYSE:LOW traded up $2.61 during trading hours on Friday, hitting $261.39. The company's stock had a trading volume of 2,758,504 shares, compared to its average volume of 1,989,226. The company has a market capitalization of $147.59 billion, a P/E ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11. Lowe's Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The stock has a fifty day simple moving average of $260.10 and a 200-day simple moving average of $254.60.

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 issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe's Companies's dividend payout ratio (DPR) is presently 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.