Illinois Municipal Retirement Fund Has $19.31 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Illinois Municipal Retirement Fund increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 78,250 shares of the home improvement retailer’s stock after acquiring an additional 10,658 shares during the period. Illinois Municipal Retirement Fund’s holdings in Lowe’s Companies were worth $19,312,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. IFS Advisors LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the third quarter worth $27,000. Winch Advisory Services LLC boosted its holdings in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $31,000. Finally, JNBA Financial Advisors raised its position in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

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

Lowe’s Companies Stock Down 1.1 %

Shares of Lowe’s Companies stock opened at $236.66 on Tuesday. The firm’s 50-day moving average price is $252.84 and its two-hundred day moving average price is $258.90. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The company has a market capitalization of $133.63 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.96 and a beta of 1.11.

Analysts Set New Price Targets

Several research firms have issued reports on LOW. Barclays upped their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Royal Bank of Canada upped their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Truist Financial upped their price target on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. DA Davidson upped their price target on shares of 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, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.96.

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.