Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by D. Scott Neal Inc.

D. Scott Neal Inc. lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,600 shares of the home improvement retailer’s stock after acquiring an additional 100 shares during the quarter. Lowe’s Companies accounts for approximately 0.4% of D. Scott Neal Inc.’s investment portfolio, making the stock its 27th biggest holding. D. Scott Neal Inc.’s holdings in Lowe’s Companies were worth $642,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Virtu Financial LLC grew its holdings in Lowe’s Companies by 3.1% in the second quarter. Virtu Financial LLC now owns 3,296 shares of the home improvement retailer’s stock valued at $727,000 after purchasing an additional 99 shares during the period. Perennial Investment Advisors LLC lifted its position in shares of Lowe’s Companies by 3.0% during the 2nd quarter. Perennial Investment Advisors LLC now owns 2,228 shares of the home improvement retailer’s stock valued at $491,000 after buying an additional 64 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Lowe’s Companies by 27.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 16,451 shares of the home improvement retailer’s stock valued at $3,627,000 after buying an additional 3,521 shares in the last quarter. Financial & Tax Architects LLC grew its stake in Lowe’s Companies by 5.4% in the 2nd quarter. Financial & Tax Architects LLC now owns 26,973 shares of the home improvement retailer’s stock valued at $5,946,000 after acquiring an additional 1,392 shares during the period. Finally, Meridian Wealth Partners LLC increased its holdings in Lowe’s Companies by 2.7% in the 2nd quarter. Meridian Wealth Partners LLC now owns 1,887 shares of the home improvement retailer’s stock worth $416,000 after acquiring an additional 49 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 2.2 %

NYSE:LOW opened at $256.73 on Thursday. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The stock’s fifty day moving average is $260.54 and its two-hundred day moving average is $253.93. The company has a market capitalization of $144.96 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.08 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given 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 1.79%. Lowe’s Companies’s payout ratio is currently 38.37%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. DA Davidson increased 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. Melius Research assumed coverage on Lowe’s Companies in a research report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s 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 sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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.