Triangle Securities Wealth Management Sells 595 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Triangle Securities Wealth Management lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,041 shares of the home improvement retailer’s stock after selling 595 shares during the quarter. Lowe’s Companies comprises 1.5% of Triangle Securities Wealth Management’s investment portfolio, making the stock its 17th biggest holding. Triangle Securities Wealth Management’s holdings in Lowe’s Companies were worth $5,933,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Intech Investment Management LLC lifted its position in shares of Lowe’s Companies by 1.7% during the 2nd quarter. Intech Investment Management LLC now owns 17,829 shares of the home improvement retailer’s stock valued at $3,931,000 after acquiring an additional 298 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Lowe’s Companies by 52.9% during the second quarter. Canada Pension Plan Investment Board now owns 508,678 shares of the home improvement retailer’s stock valued at $112,143,000 after purchasing an additional 176,048 shares during the period. AE Wealth Management LLC boosted its position in shares of Lowe’s Companies by 52.7% during the 2nd quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer’s stock worth $4,027,000 after purchasing an additional 6,305 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Lowe’s Companies by 1.2% in the 2nd quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock valued at $9,059,000 after buying an additional 488 shares during the period. Finally, Sei Investments Co. increased its position in Lowe’s Companies by 2.0% in the 2nd quarter. Sei Investments Co. now owns 480,491 shares of the home improvement retailer’s stock valued at $105,927,000 after buying an additional 9,228 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 1.0 %

LOW opened at $261.39 on Friday. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The company’s 50-day moving average price is $260.10 and its two-hundred day moving average price is $254.31. The stock has a market cap of $147.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.76%. Lowe’s Companies’s payout ratio is 38.37%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’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 $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on LOW. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Royal Bank of Canada lifted their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial dropped their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, Melius Research initiated coverage on shares of Lowe’s Companies in a report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price on the stock. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

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.