Van ECK Associates Corp Grows Position in Lowe’s Companies, Inc. (NYSE:LOW)

Van ECK Associates Corp grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 86,887 shares of the home improvement retailer’s stock after purchasing an additional 5,100 shares during the period. Van ECK Associates Corp’s holdings in Lowe’s Companies were worth $21,444,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $27,000. Winch Advisory Services LLC lifted its stake in shares of Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. JNBA Financial Advisors lifted its stake in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Finally, MFA Wealth Advisors LLC lifted its stake in shares of Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by company insiders.

Lowe’s Companies Trading Down 0.3 %

Shares of NYSE:LOW opened at $251.88 on Friday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The business’s fifty day simple moving average is $255.80 and its 200-day simple moving average is $258.29. The company has a market capitalization of $142.23 billion, a PE ratio of 21.01, a P/E/G ratio of 2.04 and a beta of 1.11.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LOW shares. Royal Bank of Canada raised their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Wells Fargo & Company raised their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. TD Cowen raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Evercore ISI raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.