Nicholson Wealth Management Group LLC Has $1.54 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Nicholson Wealth Management Group LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 71.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,221 shares of the home improvement retailer’s stock after acquiring an additional 2,596 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Lowe’s Companies were worth $1,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. O Brien Greene & Co. Inc grew its holdings in shares of Lowe’s Companies by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock worth $715,000 after purchasing an additional 42 shares in the last quarter. Citizens National Bank Trust Department grew its holdings in shares of Lowe’s Companies by 0.3% during the 4th quarter. Citizens National Bank Trust Department now owns 27,356 shares of the home improvement retailer’s stock worth $6,751,000 after purchasing an additional 91 shares in the last quarter. Zullo Investment Group Inc. grew its holdings in shares of Lowe’s Companies by 1.7% during the 4th quarter. Zullo Investment Group Inc. now owns 4,493 shares of the home improvement retailer’s stock worth $1,109,000 after purchasing an additional 74 shares in the last quarter. Boston Financial Mangement LLC grew its holdings in shares of Lowe’s Companies by 3.4% during the 4th quarter. Boston Financial Mangement LLC now owns 5,985 shares of the home improvement retailer’s stock worth $1,477,000 after purchasing an additional 194 shares in the last quarter. Finally, First Bank & Trust grew its holdings in shares of Lowe’s Companies by 8.8% during the 4th quarter. First Bank & Trust now owns 1,565 shares of the home improvement retailer’s stock worth $386,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LOW shares. Mizuho lifted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. TD Cowen lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Royal Bank of Canada boosted their price target on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $282.96.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s 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 in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

Lowe’s Companies Stock Performance

Shares of LOW opened at $246.63 on Friday. The stock has a fifty day moving average price of $253.77 and a two-hundred day moving average price of $258.57. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a market cap of $139.26 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.96 and a beta of 1.11.

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.