Salomon & Ludwin LLC Trims Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Salomon & Ludwin LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,019 shares of the home improvement retailer’s stock after selling 362 shares during the period. Salomon & Ludwin LLC’s holdings in Lowe’s Companies were worth $3,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFS Advisors LLC acquired a new position in Lowe’s Companies during the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $27,000. Winch Advisory Services LLC grew its position in shares of 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 buying an additional 44 shares in the last quarter. JNBA Financial Advisors increased its stake in shares of 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 buying an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC raised its holdings in Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 70 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several analyst reports. Evercore ISI boosted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Sanford C. Bernstein lifted their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. 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. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, TD Cowen boosted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies Stock Down 0.3 %

Shares of NYSE:LOW opened at $251.88 on Friday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company has a 50-day moving average price of $255.80 and a 200 day moving average price of $258.29. The company has a market cap of $142.23 billion, a P/E ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11.

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.