Breakwater Capital Group Sells 73 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Breakwater Capital Group lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,356 shares of the home improvement retailer’s stock after selling 73 shares during the quarter. Breakwater Capital Group’s holdings in Lowe’s Companies were worth $1,075,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. StoneX Group Inc. purchased a new stake in Lowe’s Companies in the 3rd quarter worth $2,713,000. Principal Financial Group Inc. lifted its position in shares of Lowe’s Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock worth $175,944,000 after buying an additional 24,812 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Lowe’s Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock valued at $98,104,000 after buying an additional 4,435 shares during the last quarter. HM Payson & Co. grew its holdings in Lowe’s Companies by 1.1% during the 3rd quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock valued at $58,409,000 after buying an additional 2,322 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in Lowe’s Companies in the 3rd quarter worth approximately $16,143,000. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Barclays increased their price objective 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. Truist Financial dropped their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research report 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 company’s stock. According to data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $248.64 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01. The firm has a market capitalization of $140.39 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 2.20 and a beta of 1.11. The stock has a 50 day moving average price of $260.90 and a 200 day moving average price of $253.71.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is 38.37%.

Insider Transactions at Lowe’s Companies

In other 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 value of $1,974,915.26. Following the completion of the transaction, 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 SEC, which is accessible 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.