Insight Inv LLC Sells 125 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Insight Inv LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,227 shares of the home improvement retailer’s stock after selling 125 shares during the quarter. Insight Inv LLC’s holdings in Lowe’s Companies were worth $1,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brophy Wealth Management LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth about $566,000. Executive Wealth Management LLC purchased a new stake in Lowe’s Companies in the third quarter worth about $321,000. Continuum Advisory LLC boosted its position in Lowe’s Companies by 69.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,389 shares of the home improvement retailer’s stock valued at $376,000 after acquiring an additional 568 shares in the last quarter. LRI Investments LLC grew its holdings in shares of Lowe’s Companies by 23.8% during the 3rd quarter. LRI Investments LLC now owns 2,309 shares of the home improvement retailer’s stock worth $624,000 after acquiring an additional 444 shares during the period. Finally, Geller Advisors LLC raised its position in shares of Lowe’s Companies by 3.7% in the 3rd quarter. Geller Advisors LLC now owns 2,416 shares of the home improvement retailer’s stock worth $654,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LOW. Wells Fargo & Company upped their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Evercore ISI raised their target price on shares of Lowe’s Companies from $255.00 to $270.00 and gave the company an “in-line” rating in a research note on Wednesday, November 20th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and upped their price target for the stock from $250.00 to $300.00 in a research note on Wednesday, October 9th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $277.92.

Insider Transactions at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. This trade represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,697 shares of company stock valued at $5,214,586 over the last quarter. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Price Performance

NYSE:LOW opened at $274.15 on Tuesday. The firm has a market capitalization of $154.80 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The business has a fifty day moving average price of $271.07 and a 200-day moving average price of $248.27. Lowe’s Companies, Inc. has a one year low of $205.84 and a one year high of $287.01.

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.