1,768 Shares in Lowe's Companies, Inc. (NYSE:LOW) Acquired by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,768 shares of the home improvement retailer's stock, valued at approximately $436,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. StoneX Group Inc. bought a new position in Lowe's Companies during the 3rd quarter valued at about $2,713,000. Principal Financial Group Inc. raised its position in Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock worth $175,944,000 after purchasing an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC lifted its holdings in Lowe's Companies by 288.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock worth $4,696,000 after buying an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Lowe's Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after buying an additional 4,435 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of Lowe's Companies by 308.0% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 28,315 shares of the home improvement retailer's stock valued at $6,988,000 after buying an additional 21,375 shares during the period. Institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LOW shares. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday. Oppenheimer raised Lowe's Companies from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $230.00 to $305.00 in a research report on Tuesday, September 24th. Loop Capital raised shares of Lowe's Companies from a "hold" rating to a "buy" rating and upped their target price for the stock from $250.00 to $300.00 in a research note on Wednesday, October 9th. TD Cowen raised their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Melius Research initiated coverage on Lowe's Companies in a research note on Monday, September 23rd. They set a "buy" rating and a $290.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $280.85.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the 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 transaction, the executive vice president now owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company's stock.

Lowe's Companies Price Performance

LOW traded up $2.61 on Monday, hitting $261.39. 2,758,504 shares of the stock were exchanged, compared to its average volume of 1,989,226. Lowe's Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The firm has a market capitalization of $147.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11. The business has a 50-day moving average of $260.10 and a two-hundred day moving average of $254.89.

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