Greystone Financial Group LLC Purchases 4,019 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Greystone Financial Group LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 52,479 shares of the home improvement retailer’s stock after purchasing an additional 4,019 shares during the quarter. Lowe’s Companies accounts for about 2.3% of Greystone Financial Group LLC’s portfolio, making the stock its 15th largest position. Greystone Financial Group LLC’s holdings in Lowe’s Companies were worth $12,952,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. AMF Tjanstepension AB lifted its position in shares of Lowe’s Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Lowe’s Companies by 75.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock worth $14,352,000 after buying an additional 22,812 shares during the period. McAdam LLC lifted its holdings in Lowe’s Companies by 3.6% during the 3rd quarter. McAdam LLC now owns 1,457 shares of the home improvement retailer’s stock valued at $395,000 after buying an additional 51 shares in the last quarter. Impact Partnership Wealth LLC purchased a new stake in Lowe’s Companies in the 3rd quarter valued at about $237,000. Finally, DT Investment Partners LLC grew its stake in Lowe’s Companies by 1.8% in the 3rd quarter. DT Investment Partners LLC now owns 3,337 shares of the home improvement retailer’s stock worth $904,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’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 transaction of $1,974,915.26. Following the sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $238.93 on Friday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The business has a fifty day moving average price of $253.31 and a 200-day moving average price of $258.58. The stock has a market capitalization of $134.91 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LOW. Evercore ISI lifted their price target 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. DA Davidson raised their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their price objective on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.