Partners Wealth Management LLC Invests $337,000 in Lowe’s Companies, Inc. (NYSE:LOW)

Partners Wealth Management LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,366 shares of the home improvement retailer’s stock, valued at approximately $337,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. IFS Advisors LLC bought a new stake in Lowe’s Companies during the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC increased its position in shares of Lowe’s Companies by 56.4% during 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. Marshall Investment Management LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at $31,000. Finally, JNBA Financial Advisors raised its holdings in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 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 trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

Lowe’s Companies Stock Performance

NYSE LOW opened at $238.93 on Monday. The company 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 200-day moving average price is $258.90. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

Analysts Set New Price Targets

Several research firms have commented on LOW. Guggenheim reaffirmed a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Sanford C. Bernstein upped 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. Evercore ISI increased their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Royal Bank of Canada boosted their target price on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.