Asset Advisors Investment Management LLC Makes New $236,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Asset Advisors Investment Management LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 870 shares of the home improvement retailer’s stock, valued at approximately $236,000.

Other hedge funds have also made changes to their positions in the company. StoneX Group Inc. purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth approximately $2,713,000. HM Payson & Co. lifted its holdings in Lowe’s Companies by 1.1% during the third quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock worth $58,409,000 after buying an additional 2,322 shares during the period. Weiss Asset Management LP bought a new stake in Lowe’s Companies during the 3rd quarter valued at $16,143,000. Daymark Wealth Partners LLC increased its holdings in shares of Lowe’s Companies by 12.7% in 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 acquiring an additional 2,889 shares during the period. Finally, Erste Asset Management GmbH bought a new position in shares of Lowe’s Companies in the 3rd quarter worth $5,976,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,586,940.30. This represents a 30.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction dated 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. This trade represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of a number of recent analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Thursday. Guggenheim reissued a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday. Bank of America upped their target price on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Royal Bank of Canada raised their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Wells Fargo & Company upped their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Trading Down 1.6 %

Shares of LOW stock opened at $263.50 on Friday. Lowe’s Companies, Inc. has a twelve month low of $206.08 and a twelve month high of $287.01. The stock has a market cap of $148.79 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.25 and a beta of 1.09. The stock has a 50 day moving average of $270.80 and a 200 day moving average of $248.90.

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.