B. Metzler seel. Sohn & Co. AG lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,646 shares of the home improvement retailer’s stock after purchasing an additional 2,586 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Lowe’s Companies were worth $14,738,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Lowe’s Companies by 0.6% during the third quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer’s stock valued at $13,898,992,000 after acquiring an additional 329,807 shares during the period. State Street Corp lifted its position in Lowe’s Companies by 0.8% in the second quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock worth $5,527,176,000 after purchasing an additional 207,826 shares during the period. Geode Capital Management LLC boosted its stake in Lowe’s Companies by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock valued at $2,732,049,000 after purchasing an additional 42,190 shares in the last quarter. Norges Bank bought a new stake in shares of Lowe’s Companies in the 2nd quarter worth $1,773,624,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Lowe’s Companies by 12.1% in the third quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer’s stock valued at $1,079,320,000 after buying an additional 463,012 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.
Lowe’s Companies Price Performance
LOW stock opened at $251.89 on Friday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $293.06. The company’s 50 day simple moving average is $268.21 and its 200-day simple moving average is $254.62. The firm has a market capitalization of $141.30 billion, a P/E ratio of 21.26, a P/E/G ratio of 5.47 and a beta of 0.98.
Analyst Ratings Changes
LOW has been the topic of a number of research analyst reports. Wolfe Research lowered their target price on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Telsey Advisory Group lifted their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Citigroup boosted their target price on shares of Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Gordon Haskett cut their target price on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday, February 25th. Twenty-one research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $291.00.
View Our Latest Analysis on LOW
Insider Buying and Selling at Lowe’s Companies
In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.
Lowe’s Companies Profile
Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.
Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.
Further Reading
- Five stocks we like better than Lowe’s Companies
- How JPMorgan’s $8,000 Gold Call Will Leave Most Retirement Accounts Behind
- Silver Is the New Oil—And the World’s Running Dry
- SpaceX IPO Confirmed: Claim Your Stake Today
- Trump Planning to Use Public Law 63-43: Prepare Now
- What central banks are doing with gold right now
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.
