Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Private Wealth Partners LLC

Private Wealth Partners LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,301 shares of the home improvement retailer’s stock after acquiring an additional 1,163 shares during the quarter. Private Wealth Partners LLC’s holdings in Lowe’s Companies were worth $3,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies during the third quarter valued at about $27,000. Winch Advisory Services LLC grew its holdings 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 worth $30,000 after acquiring an additional 44 shares during the period. JNBA Financial Advisors raised its position in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC lifted its holdings in Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. DA Davidson upped their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Stifel Nicolaus increased their price target 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 research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $246.49 on Thursday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The business’s 50-day moving average price is $254.11 and its two-hundred day moving average price is $258.65. The company has a market capitalization of $139.18 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 2.00 and a beta of 1.11.

Insider Activity at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred on 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 approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by company insiders.

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.