Nadler Financial Group Inc. Buys Shares of 974 Lowe’s Companies, Inc. (NYSE:LOW)

Nadler Financial Group Inc. purchased a new position 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. The fund purchased 974 shares of the home improvement retailer’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. IFS Advisors LLC purchased a new position in Lowe’s Companies during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies during the 3rd quarter valued at approximately $27,000. Winch Advisory Services LLC lifted its holdings in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. JNBA Financial Advisors grew its position in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC increased its stake in Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LOW. Barclays increased their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Royal Bank of Canada increased their target price on shares of 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. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and boosted their target price for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $259.91 on Friday. The stock has a fifty day moving average price of $259.00 and a 200 day moving average price of $257.35. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The company has a market cap of $146.76 billion, a PE ratio of 21.68, a P/E/G ratio of 2.19 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid 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 1.77%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

About Lowe’s Companies

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.