Perigon Wealth Management LLC Purchases 4,587 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Perigon Wealth Management LLC grew its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 131.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,073 shares of the home improvement retailer's stock after buying an additional 4,587 shares during the period. Perigon Wealth Management LLC's holdings in Lowe's Companies were worth $2,089,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Lowe's Companies by 10.2% in 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. State Street Corp lifted its position in 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 valued at $6,774,948,000 after acquiring an additional 460,851 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lowe's Companies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock valued at $3,169,041,000 after purchasing an additional 187,473 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Lowe's Companies by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer's stock worth $912,508,000 after purchasing an additional 39,953 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in shares of Lowe's Companies by 1.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer's stock worth $634,700,000 after purchasing an additional 36,054 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Trading Up 0.9 %

Shares of NYSE LOW traded up $2.39 during midday trading on Thursday, hitting $264.12. 1,629,250 shares of the company's stock were exchanged, compared to its average volume of 2,265,829. The business's fifty day moving average price is $259.13 and its two-hundred day moving average price is $257.00. The company has a market cap of $149.13 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 2.16 and a beta of 1.11. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.74%. Lowe's Companies's dividend payout ratio is presently 38.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Mizuho upped their price target on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Guggenheim reiterated a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. Evercore ISI increased their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Finally, Wedbush restated a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $280.85.

Insider Activity

In other Lowe's Companies 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 transaction of $1,974,915.26. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company's stock.

Lowe's Companies Company 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.