Bigelow Investment Advisors LLC Cuts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Bigelow Investment Advisors LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,052 shares of the home improvement retailer’s stock after selling 215 shares during the period. Bigelow Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,000,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter worth $27,000. Winch Advisory Services LLC grew 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 worth $30,000 after buying an additional 44 shares in the last quarter. JNBA Financial Advisors boosted its stake in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC raised its holdings 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 in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction dated 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 directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Sanford C. Bernstein boosted their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies Trading Down 0.4 %

NYSE:LOW opened at $250.73 on Wednesday. The company’s 50-day moving average price is $254.54 and its 200-day moving average price is $258.73. The company has a market cap of $141.58 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.00 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month 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.