757 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 757 shares of the home improvement retailer’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. StoneX Group Inc. purchased a new stake in Lowe’s Companies in the third quarter valued at about $2,713,000. HM Payson & Co. raised its stake in Lowe’s Companies by 1.1% in the third quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock valued at $58,409,000 after buying an additional 2,322 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in Lowe’s Companies by 12.7% in the second quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer’s stock valued at $5,637,000 after buying an additional 2,889 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Lowe’s Companies in the third quarter valued at about $5,976,000. Finally, AMF Tjanstepension AB raised its stake in Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after buying an additional 20,123 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LOW has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on Lowe’s Companies from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Monday, November 11th. TD Cowen increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company increased their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Bank of America increased their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and increased their price objective for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $277.92.

Insider Buying and Selling at Lowe’s Companies

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s 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 transaction, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,697 shares of company stock valued at $5,214,586. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Down 1.5 %

Shares of LOW opened at $270.13 on Wednesday. Lowe’s Companies, Inc. has a 12 month low of $205.84 and a 12 month high of $287.01. The stock’s 50 day moving average is $271.07 and its two-hundred day moving average is $248.27. The firm has a market cap of $152.53 billion, a P/E ratio of 22.53, a PEG ratio of 2.29 and a beta of 1.10.

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.