Mitchell Mcleod Pugh & Williams Inc. Sells 1,690 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Mitchell Mcleod Pugh & Williams Inc. decreased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,770 shares of the home improvement retailer's stock after selling 1,690 shares during the period. Mitchell Mcleod Pugh & Williams Inc.'s holdings in Lowe's Companies were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. StoneX Group Inc. bought a new stake in Lowe's Companies during the third quarter valued at $2,713,000. Principal Financial Group Inc. boosted its position in shares of Lowe's Companies by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after purchasing an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of 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 valued at $4,696,000 after purchasing an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Lowe's Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after purchasing an additional 4,435 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Lowe's Companies by 308.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 28,315 shares of the home improvement retailer's stock worth $6,988,000 after purchasing an additional 21,375 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by insiders.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded up $2.61 during trading on Monday, reaching $261.39. 2,758,504 shares of the stock traded hands, compared to its average volume of 1,989,226. Lowe's Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01. The stock has a market cap of $147.59 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The stock has a 50-day moving average of $260.10 and a two-hundred day moving average of $254.89.

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. 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 is currently 38.37%.

Analyst Ratings Changes

LOW has been the subject of a number of research reports. Truist Financial reduced their price target 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. Sanford C. Bernstein boosted their target price on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Loop Capital raised Lowe's Companies from a "hold" rating to a "buy" rating and upped their price target for the stock from $250.00 to $300.00 in a research note on Wednesday, October 9th. Stifel Nicolaus raised their price objective on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Finally, Evercore ISI upped their target price on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $280.85.

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.