Aries Wealth Management Sells 90 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Aries Wealth Management trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,374 shares of the home improvement retailer’s stock after selling 90 shares during the quarter. Aries Wealth Management’s holdings in Lowe’s Companies were worth $1,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LOW. FMR LLC raised its position in Lowe’s Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after buying an additional 2,399,897 shares during the last quarter. State Street Corp grew its stake in shares of Lowe’s Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after acquiring an additional 460,851 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lowe’s Companies by 1.6% in the third quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer’s stock valued at $3,169,041,000 after purchasing an additional 187,473 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Lowe’s Companies by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer’s stock valued at $912,508,000 after buying an additional 39,953 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its holdings in Lowe’s Companies by 1.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer’s stock worth $634,700,000 after acquiring an additional 36,054 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 transaction of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Up 1.0 %

Shares of LOW stock opened at $252.77 on Friday. The business has a fifty day simple moving average of $256.15 and a 200 day simple moving average of $258.33. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a market cap of $142.73 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.04 and a beta of 1.11.

Analyst Ratings Changes

Several research firms have issued reports on LOW. Truist Financial upped their price target on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research report on Tuesday. DA Davidson increased their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Sanford C. Bernstein upped their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, TD Cowen boosted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $281.64.

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.