Lowe’s Companies, Inc. (NYSE:LOW) Holdings Reduced by Headinvest LLC

Headinvest LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,912 shares of the home improvement retailer’s stock after selling 75 shares during the quarter. Headinvest LLC’s holdings in Lowe’s Companies were worth $518,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LOW. Dunhill Financial LLC lifted its stake in shares of Lowe’s Companies by 12.2% in the 3rd quarter. Dunhill Financial LLC now owns 633 shares of the home improvement retailer’s stock worth $171,000 after acquiring an additional 69 shares during the period. Bontempo Ohly Capital Mgmt LLC increased its stake in shares of Lowe’s Companies by 0.4% during the third quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,758 shares of the home improvement retailer’s stock valued at $5,081,000 after acquiring an additional 72 shares during the period. Zacks Investment Management raised its holdings in Lowe’s Companies by 7.4% during the third quarter. Zacks Investment Management now owns 3,166 shares of the home improvement retailer’s stock worth $858,000 after purchasing an additional 217 shares in the last quarter. Wellington Management Group LLP lifted its position in Lowe’s Companies by 14.4% in the third quarter. Wellington Management Group LLP now owns 721,116 shares of the home improvement retailer’s stock worth $195,314,000 after purchasing an additional 90,750 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its stake in Lowe’s Companies by 281.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 211,491 shares of the home improvement retailer’s stock valued at $57,282,000 after purchasing an additional 155,982 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of LOW opened at $273.43 on Friday. Lowe’s Companies, Inc. has a 52 week low of $205.84 and a 52 week high of $287.01. The company has a market capitalization of $154.39 billion, a PE ratio of 22.80, a PEG ratio of 2.28 and a beta of 1.09. The company’s 50 day moving average price is $271.01 and its 200 day moving average price is $247.69.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. This represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,697 shares of company stock worth $5,214,586 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LOW shares. UBS Group boosted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Wells Fargo & Company lifted their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their target price on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Finally, Morgan Stanley lifted their price target on shares of Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $277.92.

Lowe’s Companies Company 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.