Root Financial Partners LLC Purchases New Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Root Financial Partners LLC purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,181 shares of the home improvement retailer’s stock, valued at approximately $292,000.

Several other institutional investors have also made changes to their positions in the stock. IFS Advisors LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the third quarter valued at approximately $27,000. Winch Advisory Services LLC raised its position in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares in the last quarter. JNBA Financial Advisors increased its holdings in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC increased its holdings in shares of 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 buying an additional 70 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LOW shares. Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson upped their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. TD Cowen upped their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Trading Down 0.3 %

Shares of LOW opened at $251.88 on Friday. The stock has a market capitalization of $142.23 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The firm’s fifty day simple moving average is $255.80 and its two-hundred day simple moving average is $258.29. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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.