Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,538 shares of the home improvement retailer’s stock after selling 136 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Lowe’s Companies were worth $3,094,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB raised its holdings 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 worth $43,290,000 after purchasing an additional 20,123 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of Lowe’s Companies by 4.7% during 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 during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Lowe’s Companies by 5.4% during the third quarter. J.W. Cole Advisors Inc. now owns 7,604 shares of the home improvement retailer’s stock valued at $2,060,000 after acquiring an additional 389 shares during the last quarter. First Financial Bankshares Inc raised its holdings in shares of Lowe’s Companies by 1.1% during the third quarter. First Financial Bankshares Inc now owns 115,864 shares of the home improvement retailer’s stock valued at $31,382,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Marmo Financial Group LLC acquired a new position in shares of Lowe’s Companies during the third quarter valued at approximately $237,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Down 1.1 %

Shares of NYSE LOW opened at $236.66 on Tuesday. The stock has a market cap of $133.63 billion, a P/E ratio of 19.74, a PEG ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The business’s fifty day simple moving average is $252.84 and its 200-day simple moving average is $258.90.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. TD Cowen increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Sanford C. Bernstein upped their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, DA Davidson upped their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies currently 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.