Edgestream Partners L.P. Takes $2.07 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

Edgestream Partners L.P. acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,652 shares of the home improvement retailer’s stock, valued at approximately $2,073,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lynx Investment Advisory bought a new position in Lowe’s Companies during the second quarter worth $49,000. Kingswood Wealth Advisors LLC raised its position in shares of Lowe’s Companies by 19.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 4,895 shares of the home improvement retailer’s stock worth $1,079,000 after acquiring an additional 780 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of Lowe’s Companies by 9.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,989 shares of the home improvement retailer’s stock valued at $1,982,000 after purchasing an additional 777 shares during the period. Exchange Bank boosted its position in shares of Lowe’s Companies by 2.1% during the 2nd quarter. Exchange Bank now owns 2,315 shares of the home improvement retailer’s stock valued at $510,000 after purchasing an additional 47 shares in the last quarter. Finally, Legacy Financial Strategies LLC grew its stake in Lowe’s Companies by 10.5% during the second quarter. Legacy Financial Strategies LLC now owns 13,267 shares of the home improvement retailer’s stock worth $2,830,000 after purchasing an additional 1,262 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,697 shares of company stock worth $5,214,586. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LOW. Mizuho boosted their price target on Lowe’s Companies from $280.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Morgan Stanley raised their price target on shares of Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Wedbush reiterated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Wednesday, August 21st. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their target price for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $277.92.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $272.05 on Tuesday. The firm has a market cap of $154.33 billion, a PE ratio of 22.68, a P/E/G ratio of 2.28 and a beta of 1.10. Lowe’s Companies, Inc. has a 1 year low of $203.72 and a 1 year high of $287.01. The stock has a fifty day moving average price of $270.29 and a 200-day moving average price of $246.30.

Lowe’s Companies Company 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.