56,549 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Purchased by Fisher Funds Management LTD

Fisher Funds Management LTD bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 56,549 shares of the home improvement retailer’s stock, valued at approximately $13,974,000.

Other large investors have also recently bought and sold shares of the company. StoneX Group Inc. bought a new position in shares of Lowe’s Companies in the third quarter valued at approximately $2,713,000. Principal Financial Group Inc. lifted its position in Lowe’s Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock worth $175,944,000 after purchasing an additional 24,812 shares during the period. Miracle Mile Advisors LLC boosted its stake in Lowe’s Companies by 288.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock valued at $4,696,000 after purchasing an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Lowe’s Companies by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock valued at $98,104,000 after purchasing an additional 4,435 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Lowe’s Companies by 2.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock worth $4,894,000 after buying an additional 501 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $238.93 on Friday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm has a market cap of $134.91 billion, a PE ratio of 19.93, a P/E/G ratio of 1.96 and a beta of 1.11. The firm’s 50 day moving average price is $253.31 and its two-hundred day moving average price is $258.70.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies 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 completion of the sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Barclays raised their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial boosted their target price on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. DA Davidson increased their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

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.