Royal London Asset Management Ltd. Grows Position in Lowe’s Companies, Inc. (NYSE:LOW)

Royal London Asset Management Ltd. boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 240,526 shares of the home improvement retailer’s stock after buying an additional 6,210 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Lowe’s Companies were worth $65,146,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LOW. StoneX Group Inc. purchased a new stake in Lowe’s Companies in the 3rd quarter worth about $2,713,000. HM Payson & Co. increased its holdings in Lowe’s Companies by 1.1% in the 3rd quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock worth $58,409,000 after acquiring an additional 2,322 shares during the last quarter. Daymark Wealth Partners LLC increased its holdings in 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 worth $5,637,000 after acquiring an additional 2,889 shares during the last quarter. AMF Tjanstepension AB boosted its stake in Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares during the period. Finally, Claro Advisors LLC boosted its stake in Lowe’s Companies by 2,246.3% in the 3rd quarter. Claro Advisors LLC now owns 40,521 shares of the home improvement retailer’s stock worth $10,975,000 after purchasing an additional 38,794 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 0.8 %

NYSE LOW opened at $270.06 on Friday. The firm’s fifty day simple moving average is $270.88 and its two-hundred day simple moving average is $247.22. Lowe’s Companies, Inc. has a 12-month low of $205.84 and a 12-month high of $287.01. The firm has a market capitalization of $152.49 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.30 and a beta of 1.09.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s 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 completion of the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company’s 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 approximately $3,586,940.30. This represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,697 shares of company stock valued at $5,214,586 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company raised their target price 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. Royal Bank of Canada lifted their price target on Lowe’s Companies from $290.00 to $291.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 20th. Stifel Nicolaus boosted their target price on Lowe’s Companies from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. DA Davidson boosted their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Finally, Barclays lifted their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $277.92.

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.