Rhumbline Advisers Decreases Position in Lowe’s Companies, Inc. (NYSE:LOW)

Rhumbline Advisers decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,129,112 shares of the home improvement retailer’s stock after selling 13,559 shares during the period. Rhumbline Advisers’ holdings in Lowe’s Companies were worth $278,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. StoneX Group Inc. purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at $2,713,000. Principal Financial Group Inc. lifted its holdings in Lowe’s Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after purchasing an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in Lowe’s Companies by 288.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock worth $4,696,000 after purchasing an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Lowe’s Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock worth $98,104,000 after purchasing an additional 4,435 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Lowe’s Companies by 308.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 28,315 shares of the home improvement retailer’s stock valued at $6,988,000 after purchasing an additional 21,375 shares during the period. 74.06% of the stock is owned by institutional investors.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies 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 transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of several analyst reports. DA Davidson raised their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Stifel Nicolaus raised their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Guggenheim reiterated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Evercore ISI raised their target price 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. Finally, Wells Fargo & Company upped their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

Lowe’s Companies Price Performance

NYSE:LOW opened at $251.88 on Friday. The company has a market capitalization of $142.23 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11. The business has a 50 day moving average of $255.80 and a 200 day moving average of $258.29. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

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.