Nilsine Partners LLC Acquires 1,103 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Nilsine Partners LLC raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,654 shares of the home improvement retailer's stock after purchasing an additional 1,103 shares during the period. Lowe's Companies accounts for 0.7% of Nilsine Partners LLC's investment portfolio, making the stock its 28th biggest position. Nilsine Partners LLC's holdings in Lowe's Companies were worth $6,825,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in Lowe's Companies in the 3rd quarter worth approximately $27,000. IFS Advisors LLC purchased a new position in Lowe's Companies in the fourth quarter worth $25,000. JNBA Financial Advisors grew its position in Lowe's Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Winch Advisory Services LLC increased its stake in Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Finally, MFA Wealth Advisors LLC lifted 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 worth $35,000 after purchasing an additional 70 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated 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 directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. Bank of America upped their price objective on shares of Lowe's Companies from $275.00 to $305.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Sanford C. Bernstein lifted their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of 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. Finally, TD Cowen boosted their target price on Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $280.85.

Lowe's Companies Price Performance

NYSE LOW traded down $3.74 during trading hours on Tuesday, reaching $264.68. 1,458,742 shares of the company's stock traded hands, compared to its average volume of 2,313,449. Lowe's Companies, Inc. has a 52-week low of $209.81 and a 52-week high of $287.01. The firm has a 50-day simple moving average of $259.04 and a 200 day simple moving average of $256.75. The firm has a market cap of $149.45 billion, a PE ratio of 22.07, a PEG ratio of 2.16 and a beta of 1.11.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.74%. Lowe's Companies's dividend payout ratio is currently 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.