Sabal Trust CO Has $2.51 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Sabal Trust CO grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 24.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,160 shares of the home improvement retailer’s stock after purchasing an additional 2,028 shares during the period. Sabal Trust CO’s holdings in Lowe’s Companies were worth $2,507,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. FMR LLC grew its position in shares of Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after buying an additional 2,399,897 shares during the period. State Street Corp grew its holdings in shares of Lowe’s Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after buying an additional 460,851 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Lowe’s Companies by 1.6% in the third quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer’s stock worth $3,169,041,000 after purchasing an additional 187,473 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Lowe’s Companies by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer’s stock valued at $1,033,283,000 after purchasing an additional 385,994 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Lowe’s Companies by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer’s stock valued at $912,508,000 after acquiring an additional 39,953 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on LOW. Wells Fargo & Company upped their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Evercore ISI lifted their price objective on shares of 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. Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein boosted their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $242.33 on Wednesday. The stock’s 50-day moving average is $252.53 and its two-hundred day moving average is $258.94. The company has a market cap of $136.83 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe’s Companies 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.