Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,964 shares of the home improvement retailer’s stock after acquiring an additional 185 shares during the quarter. First Horizon Advisors Inc.’s holdings in Lowe’s Companies were worth $3,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LOW. AMF Tjanstepension AB grew its position in Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after buying an additional 20,123 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Lowe’s Companies by 18.2% in the 3rd quarter. Silver Oak Securities Incorporated now owns 2,586 shares of the home improvement retailer’s stock worth $691,000 after acquiring an additional 399 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Lowe’s Companies by 19.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,683 shares of the home improvement retailer’s stock valued at $16,478,000 after acquiring an additional 10,060 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Lowe’s Companies by 4.7% in the third quarter. GHP Investment Advisors Inc. now owns 1,062 shares of the home improvement retailer’s stock valued at $288,000 after acquiring an additional 48 shares in the last quarter. Finally, Smith Salley Wealth Management increased its stake in shares of Lowe’s Companies by 8.6% during the third quarter. Smith Salley Wealth Management now owns 123,014 shares of the home improvement retailer’s stock worth $33,318,000 after acquiring an additional 9,705 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 3.0 %

NYSE LOW opened at $238.93 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The business has a fifty day moving average of $253.31 and a 200-day moving average of $258.90. The stock has a market cap of $134.91 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LOW shares. Mizuho lifted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Evercore ISI raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Finally, Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’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 in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.

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.