Davidson Trust Co. Acquires 260 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Davidson Trust Co. raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,284 shares of the home improvement retailer’s stock after purchasing an additional 260 shares during the quarter. Davidson Trust Co.’s holdings in Lowe’s Companies were worth $1,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMF Tjanstepension AB increased its holdings in Lowe’s Companies by 14.4% during the 3rd 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 in the last quarter. Revolve Wealth Partners LLC bought a new stake in Lowe’s Companies during the third quarter worth $222,000. Cyndeo Wealth Partners LLC grew its holdings in Lowe’s Companies by 24.6% during the third quarter. Cyndeo Wealth Partners LLC now owns 5,134 shares of the home improvement retailer’s stock worth $1,390,000 after buying an additional 1,014 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Lowe’s Companies by 75.6% during the third 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 in the last quarter. Finally, Narus Financial Partners LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth $213,000. 74.06% of the stock is owned by institutional investors.

Insider Activity at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Down 0.3 %

LOW stock opened at $251.88 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm has a market capitalization of $142.23 billion, a PE ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11. The stock has a 50-day simple moving average of $255.37 and a two-hundred day simple moving average of $258.59.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Mizuho upped their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. DA Davidson upped their price objective 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. Wells Fargo & Company upped their target price on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. TD Cowen upped their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

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.