Coho Partners Ltd. Sells 175,296 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Coho Partners Ltd. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 30.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 391,992 shares of the home improvement retailer’s stock after selling 175,296 shares during the period. Lowe’s Companies makes up about 4.4% of Coho Partners Ltd.’s holdings, making the stock its 4th biggest position. Coho Partners Ltd.’s holdings in Lowe’s Companies were worth $96,744,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its stake in Lowe’s Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after purchasing an additional 2,399,897 shares in the last quarter. International Assets Investment Management LLC grew its stake in Lowe’s Companies by 1,889.7% in the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock valued at $578,256,000 after purchasing an additional 2,027,668 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in Lowe’s Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after purchasing an additional 1,223,116 shares in the last quarter. Applied Finance Capital Management LLC grew its stake in Lowe’s Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock valued at $219,761,000 after purchasing an additional 645,017 shares in the last quarter. Finally, State Street Corp grew its stake in Lowe’s Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock valued at $6,774,948,000 after purchasing an additional 460,851 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Up 1.0 %

Lowe’s Companies stock opened at $252.77 on Friday. The business has a 50 day moving average price of $256.15 and a two-hundred day moving average price of $258.33. The stock has a market cap of $142.73 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01.

Wall Street Analyst Weigh In

LOW has been the topic of a number of recent research reports. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Royal Bank of Canada boosted their target price on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Evercore ISI boosted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Barclays upped 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 research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $281.64.

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.