Valmark Advisers Inc. Sells 254 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Valmark Advisers Inc. lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,299 shares of the home improvement retailer’s stock after selling 254 shares during the quarter. Valmark Advisers Inc.’s holdings in Lowe’s Companies were worth $2,789,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. MOKAN Wealth Management Inc. bought a new stake in Lowe’s Companies in the fourth quarter valued at $224,000. Secured Retirement Advisors LLC boosted its holdings in Lowe’s Companies by 3.1% in the fourth quarter. Secured Retirement Advisors LLC now owns 8,120 shares of the home improvement retailer’s stock valued at $2,004,000 after acquiring an additional 247 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in Lowe’s Companies by 19.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 5,940 shares of the home improvement retailer’s stock valued at $1,466,000 after acquiring an additional 954 shares in the last quarter. Allworth Financial LP boosted its holdings in Lowe’s Companies by 32.6% in the fourth quarter. Allworth Financial LP now owns 14,708 shares of the home improvement retailer’s stock valued at $3,795,000 after acquiring an additional 3,616 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in Lowe’s Companies by 2.1% in the fourth quarter. Principal Securities Inc. now owns 10,936 shares of the home improvement retailer’s stock valued at $2,699,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LOW shares. Truist Financial raised their price objective on Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. DA Davidson raised their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Royal Bank of Canada raised their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus raised their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Ten investment 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 company presently has an average rating of “Moderate Buy” and an average target price of $282.96.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Performance

NYSE LOW opened at $251.88 on Monday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock has a 50-day moving average of $255.37 and a 200 day moving average of $258.50. The company has a market capitalization of $142.23 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11.

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.