Baron Wealth Management LLC Purchases 114 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Baron Wealth Management LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,517 shares of the home improvement retailer’s stock after purchasing an additional 114 shares during the period. Baron Wealth Management LLC’s holdings in Lowe’s Companies were worth $868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after purchasing an additional 2,399,897 shares in the last quarter. International Assets Investment Management LLC raised its position in Lowe’s Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock valued at $578,256,000 after buying an additional 2,027,668 shares during the last quarter. Applied Finance Capital Management LLC lifted its stake in Lowe’s Companies by 387.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock valued at $219,761,000 after acquiring an additional 645,017 shares in the last quarter. State Street Corp boosted its position in Lowe’s Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after acquiring an additional 460,851 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Lowe’s Companies by 219.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 458,343 shares of the home improvement retailer’s stock worth $124,142,000 after acquiring an additional 314,861 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated 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 directly owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Trading Down 1.0 %

NYSE LOW opened at $261.72 on Thursday. The company has a market cap of $147.78 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.16 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $210.10 and a 1-year high of $287.01. The company has a 50 day moving average of $259.15 and a 200-day moving average of $256.97.

Lowe’s Companies Dividend Announcement

The business also recently announced 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 of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. Lowe’s Companies’s payout ratio is 38.37%.

Analyst Ratings Changes

Several equities research analysts have issued reports on LOW shares. Barclays lifted their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. TD Cowen raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Royal Bank of Canada upped their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Mizuho raised their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

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.