Lowe's Companies, Inc. (NYSE:LOW) Shares Purchased by Sanders Morris Harris LLC

Sanders Morris Harris LLC grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 31.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,267 shares of the home improvement retailer's stock after buying an additional 2,000 shares during the period. Sanders Morris Harris LLC's holdings in Lowe's Companies were worth $2,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Lowe's Companies during the 3rd quarter valued at about $27,000. IFS Advisors LLC acquired a new position in shares of Lowe's Companies during the fourth quarter valued at about $25,000. JNBA Financial Advisors raised its position in shares of Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Winch Advisory Services LLC boosted its stake in Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Finally, MFA Wealth Advisors LLC grew its position in Lowe's Companies by 118.6% during the 3rd 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. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. TD Cowen lifted their price objective 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. Loop Capital raised Lowe's Companies from a "hold" rating to a "buy" rating and lifted their price target for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Guggenheim reissued a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. StockNews.com downgraded Lowe's Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Finally, Oppenheimer upgraded shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $280.85.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now owns 16,703 shares of the company's stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.26% of the company's stock.

Lowe's Companies Stock Performance

Shares of LOW stock traded up $1.98 on Thursday, reaching $258.70. 1,882,298 shares of the company were exchanged, compared to its average volume of 2,341,760. The company has a market cap of $146.07 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 2.08 and a beta of 1.11. Lowe's Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The business has a 50-day moving average price of $260.44 and a 200 day moving average price of $253.95.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.78%. Lowe's Companies's payout ratio is currently 38.37%.

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.