Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 7,500 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,105 shares of the home improvement retailer’s stock after selling 7,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Lowe’s Companies were worth $23,225,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. MONECO Advisors LLC boosted its holdings in shares of Lowe’s Companies by 5.9% in the fourth quarter. MONECO Advisors LLC now owns 3,433 shares of the home improvement retailer’s stock worth $847,000 after acquiring an additional 190 shares during the period. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of Lowe’s Companies by 27.6% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 5,495 shares of the home improvement retailer’s stock worth $1,356,000 after acquiring an additional 1,190 shares during the period. Howard Capital Management Inc. boosted its stake in Lowe’s Companies by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 3,857 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 198 shares during the period. Integral Investment Advisors Inc. boosted its stake in Lowe’s Companies by 3.3% during the fourth quarter. Integral Investment Advisors Inc. now owns 5,916 shares of the home improvement retailer’s stock valued at $1,460,000 after buying an additional 190 shares during the period. Finally, Marshall Investment Management LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at $31,000. 74.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday. Barclays lifted their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. TD Cowen lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Mizuho lifted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Price Performance

LOW opened at $238.93 on Friday. The business has a 50 day simple moving average of $253.31 and a two-hundred day simple moving average of $258.70. The firm 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. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred on 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 owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

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.