Accelerate Investment Advisors LLC Makes New Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Accelerate Investment Advisors LLC acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 912 shares of the home improvement retailer’s stock, valued at approximately $225,000.

Several other hedge funds have also modified their holdings of LOW. DekaBank Deutsche Girozentrale increased its holdings in shares of Lowe’s Companies by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 209,846 shares of the home improvement retailer’s stock worth $45,961,000 after buying an additional 594 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of Lowe’s Companies by 1.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 6,972 shares of the home improvement retailer’s stock worth $1,537,000 after purchasing an additional 74 shares during the period. Envestnet Asset Management Inc. raised its holdings in Lowe’s Companies by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,617,849 shares of the home improvement retailer’s stock valued at $356,671,000 after buying an additional 90,945 shares during the period. J.W. Cole Advisors Inc. lifted its position in Lowe’s Companies by 3.9% during the second quarter. J.W. Cole Advisors Inc. now owns 7,215 shares of the home improvement retailer’s stock valued at $1,591,000 after buying an additional 272 shares in the last quarter. Finally, Lyell Wealth Management LP grew its stake in Lowe’s Companies by 2.0% during the second quarter. Lyell Wealth Management LP now owns 4,320 shares of the home improvement retailer’s stock worth $952,000 after buying an additional 83 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOW has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Loop Capital raised 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 report on Wednesday, October 9th. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Trading Up 0.6 %

NYSE:LOW traded up $1.42 during mid-day trading on Monday, hitting $249.32. The stock had a trading volume of 1,392,298 shares, compared to its average volume of 2,173,485. 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 capitalization of $140.78 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 2.20 and a beta of 1.11. The company has a 50 day simple moving average of $261.23 and a 200-day simple moving average of $253.51.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders 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 dividend yield of 1.85%. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

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.