Revolve Wealth Partners LLC Purchases 259 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Revolve Wealth Partners LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 31.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,078 shares of the home improvement retailer’s stock after purchasing an additional 259 shares during the period. Revolve Wealth Partners LLC’s holdings in Lowe’s Companies were worth $266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in Lowe’s Companies by 37.6% in the 2nd quarter. AQR Capital Management LLC now owns 80,500 shares of the home improvement retailer’s stock worth $17,664,000 after purchasing an additional 21,995 shares during the last quarter. Ascent Group LLC increased its stake in shares of Lowe’s Companies by 12.0% in the 2nd quarter. Ascent Group LLC now owns 4,028 shares of the home improvement retailer’s stock valued at $888,000 after buying an additional 432 shares during the period. Magnolia Capital Advisors LLC acquired a new position in shares of Lowe’s Companies during the second quarter valued at $394,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Lowe’s Companies by 7.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 59,954 shares of the home improvement retailer’s stock valued at $13,218,000 after acquiring an additional 4,343 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in Lowe’s Companies by 2.8% in the second quarter. Sunbelt Securities Inc. now owns 6,952 shares of the home improvement retailer’s stock valued at $1,533,000 after acquiring an additional 191 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lowe’s Companies

In other 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

LOW has been the topic of a number of research reports. DA Davidson upped their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Bank of America increased their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. Truist Financial lowered their target price on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Sanford C. Bernstein increased their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Evercore ISI lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Stock Performance

NYSE LOW opened at $264.68 on Wednesday. The stock has a market capitalization of $149.45 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.16 and a beta of 1.11. Lowe’s Companies, Inc. has a 52 week low of $209.81 and a 52 week high of $287.01. The stock’s 50 day moving average price is $259.04 and its two-hundred day moving average price is $256.75.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.74%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

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.