Prairie Sky Financial Group LLC Makes New $257,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Prairie Sky Financial Group LLC acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,043 shares of the home improvement retailer’s stock, valued at approximately $257,000.

Several other hedge funds have also recently modified their holdings of LOW. Transform Wealth LLC boosted its holdings in shares of Lowe’s Companies by 2.1% during the 4th quarter. Transform Wealth LLC now owns 14,565 shares of the home improvement retailer’s stock valued at $3,595,000 after purchasing an additional 296 shares during the last quarter. Alpha Cubed Investments LLC raised its holdings in Lowe’s Companies by 1.4% during the 4th quarter. Alpha Cubed Investments LLC now owns 5,137 shares of the home improvement retailer’s stock valued at $1,268,000 after buying an additional 70 shares during the period. Solidarity Wealth LLC lifted its position in Lowe’s Companies by 627.5% in the fourth quarter. Solidarity Wealth LLC now owns 5,449 shares of the home improvement retailer’s stock worth $1,345,000 after buying an additional 4,700 shares during the last quarter. Brookmont Capital Management boosted its stake in Lowe’s Companies by 17.7% during the fourth quarter. Brookmont Capital Management now owns 883 shares of the home improvement retailer’s stock worth $218,000 after buying an additional 133 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Lowe’s Companies by 0.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 85,150 shares of the home improvement retailer’s stock valued at $21,015,000 after acquiring an additional 776 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’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 directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Up 1.0 %

NYSE LOW opened at $261.39 on Tuesday. The firm has a market capitalization of $147.59 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.19 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01. The firm’s fifty day simple moving average is $259.83 and its two-hundred day simple moving average is $255.23.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders 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 yield of 1.76%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LOW shares. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and increased their price target for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. DA Davidson lifted their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. TD Cowen raised their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. 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 investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.