Black Diamond Financial LLC Increases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Black Diamond Financial LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,815 shares of the home improvement retailer’s stock after purchasing an additional 175 shares during the quarter. Black Diamond Financial LLC’s holdings in Lowe’s Companies were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. World Equity Group Inc. purchased a new stake in Lowe’s Companies in the 4th quarter valued at approximately $298,000. MONECO Advisors LLC boosted its stake in shares of Lowe’s Companies by 5.9% during the 4th quarter. MONECO Advisors LLC now owns 3,433 shares of the home improvement retailer’s stock worth $847,000 after acquiring an additional 190 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Lowe’s Companies by 27.6% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 5,495 shares of the home improvement retailer’s stock worth $1,356,000 after acquiring an additional 1,190 shares in the last quarter. Howard Capital Management Inc. boosted its stake in shares of Lowe’s Companies by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 3,857 shares of the home improvement retailer’s stock worth $952,000 after acquiring an additional 198 shares in the last quarter. Finally, Integral Investment Advisors Inc. boosted its stake in shares of Lowe’s Companies by 3.3% during the 4th quarter. Integral Investment Advisors Inc. now owns 5,916 shares of the home improvement retailer’s stock worth $1,460,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. DA Davidson boosted their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Wells Fargo & Company boosted 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. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Truist Financial boosted their price target on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Stock Performance

Shares of LOW opened at $238.93 on Monday. The stock has a fifty day moving average of $253.31 and a two-hundred day moving average of $258.90. The company has a market capitalization of $134.91 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

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.