TriaGen Wealth Management LLC Takes Position in Lowe’s Companies, Inc. (NYSE:LOW)

TriaGen Wealth Management LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, Holdings Channel.com reports. The firm bought 13,839 shares of the home improvement retailer’s stock, valued at approximately $3,415,000. Lowe’s Companies makes up 1.2% of TriaGen Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position.

Several other large investors have also recently added to or reduced their stakes in LOW. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Lowe’s Companies by 69.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 74,500 shares of the home improvement retailer’s stock valued at $16,424,000 after purchasing an additional 30,500 shares during the period. AMF Tjanstepension AB raised its stake in shares of Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after buying an additional 20,123 shares in the last quarter. Czech National Bank raised its stake in shares of Lowe’s Companies by 6.5% in the 3rd quarter. Czech National Bank now owns 116,081 shares of the home improvement retailer’s stock worth $31,441,000 after buying an additional 7,044 shares in the last quarter. Curbstone Financial Management Corp raised its stake in shares of Lowe’s Companies by 8.4% in the 3rd quarter. Curbstone Financial Management Corp now owns 3,256 shares of the home improvement retailer’s stock worth $882,000 after buying an additional 252 shares in the last quarter. Finally, Wiser Wealth Management Inc acquired a new stake in shares of Lowe’s Companies during the third quarter worth $225,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $259.91 on Friday. The firm has a fifty day moving average price of $259.10 and a two-hundred day moving average price of $257.05. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a market cap of $146.76 billion, a price-to-earnings ratio of 21.68, a PEG 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. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Truist Financial dropped their price target on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Bank of America upped their price target on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.

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.