Klingman & Associates LLC Grows Position in Lowe’s Companies, Inc. (NYSE:LOW)

Klingman & Associates LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,710 shares of the home improvement retailer’s stock after purchasing an additional 45 shares during the quarter. Klingman & Associates LLC’s holdings in Lowe’s Companies were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LOW. IFS Advisors LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies during the 3rd quarter valued at approximately $27,000. Winch Advisory Services LLC grew its holdings in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares in the last quarter. JNBA Financial Advisors grew its holdings in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC grew its holdings in Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LOW. Mizuho lifted their target price on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson lifted their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus lifted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Stock Down 0.4 %

Shares of NYSE LOW opened at $250.73 on Wednesday. The business has a fifty day simple moving average of $254.54 and a two-hundred day simple moving average of $258.73. The firm has a market cap of $141.58 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.00 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction 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. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

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.