Baldwin Wealth Partners LLC MA Acquires 299 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Baldwin Wealth Partners LLC MA lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 32.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,212 shares of the home improvement retailer’s stock after acquiring an additional 299 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Lowe’s Companies were worth $299,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LOW. AQR Capital Management LLC grew its position in Lowe’s Companies by 37.6% during the second quarter. AQR Capital Management LLC now owns 80,500 shares of the home improvement retailer’s stock worth $17,664,000 after buying an additional 21,995 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of Lowe’s Companies by 10.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 1,979 shares of the home improvement retailer’s stock worth $436,000 after purchasing an additional 183 shares in the last quarter. Ascent Group LLC increased its position in shares of Lowe’s Companies by 12.0% in the second quarter. Ascent Group LLC now owns 4,028 shares of the home improvement retailer’s stock worth $888,000 after purchasing an additional 432 shares during the period. Creative Planning raised its stake in Lowe’s Companies by 1.3% in the second quarter. Creative Planning now owns 204,435 shares of the home improvement retailer’s stock valued at $45,070,000 after purchasing an additional 2,585 shares in the last quarter. Finally, Magnolia Capital Advisors LLC bought a new stake in Lowe’s Companies during the second quarter worth about $394,000. 74.06% of the stock is owned by institutional investors.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies 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 sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $268.34 on Tuesday. The stock’s 50 day moving average is $259.11 and its 200 day moving average is $256.48. Lowe’s Companies, Inc. has a one year low of $209.81 and a one year high of $287.01. The firm has a market cap of $151.52 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.16 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Analysts Set New Price Targets

LOW has been the topic of several recent analyst reports. Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised their target price on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, TD Cowen lifted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

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.