Dunhill Financial LLC Raises Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Dunhill Financial LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 633 shares of the home improvement retailer’s stock after buying an additional 69 shares during the quarter. Dunhill Financial LLC’s holdings in Lowe’s Companies were worth $171,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. StoneX Group Inc. purchased a new position in Lowe’s Companies in the 3rd quarter worth about $2,713,000. HM Payson & Co. increased its position in shares of 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 purchasing an additional 2,322 shares during the last quarter. Daymark Wealth Partners LLC increased its position in shares of Lowe’s Companies by 12.7% during the 2nd quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer’s stock valued at $5,637,000 after purchasing an additional 2,889 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Lowe’s Companies during the 3rd quarter valued at about $16,143,000. Finally, AMF Tjanstepension AB increased its position in shares of Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after purchasing an additional 20,123 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Activity

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Quonta D. Vance sold 7,198 shares of the 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 sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,697 shares of company stock worth $5,214,586. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Evercore ISI upped their price target on shares of Lowe’s Companies from $255.00 to $270.00 and gave the company an “in-line” rating in a research report on Wednesday, November 20th. Barclays upped their price target 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. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their price target for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. Piper Sandler upped their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, DA Davidson boosted their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned 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 target price of $277.92.

Lowe’s Companies Stock Performance

NYSE LOW opened at $273.43 on Friday. The company has a market capitalization of $154.39 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.28 and a beta of 1.09. Lowe’s Companies, Inc. has a one year low of $205.84 and a one year high of $287.01. The stock has a 50 day moving average price of $271.01 and a 200-day moving average price of $247.69.

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.