CIBC Asset Management Inc increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 87,619 shares of the home improvement retailer's stock after purchasing an additional 3,701 shares during the period. CIBC Asset Management Inc's holdings in Lowe's Companies were worth $21,624,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Crew Capital Management Ltd. boosted its position in shares of Lowe's Companies by 1.0% in the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock valued at $1,049,000 after acquiring an additional 37 shares during the period. Summit Place Financial Advisors LLC boosted its holdings in Lowe's Companies by 2.8% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock valued at $372,000 after purchasing an additional 37 shares during the period. Klingenstein Fields & Co. LP grew its position in shares of Lowe's Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after purchasing an additional 39 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of Lowe's Companies by 0.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock valued at $2,021,000 after purchasing an additional 40 shares in the last quarter. Finally, Saxony Capital Management LLC increased its holdings in shares of Lowe's Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock worth $245,000 after purchasing an additional 40 shares during the period. Institutional investors own 74.06% of the company's stock.
Lowe's Companies Price Performance
Lowe's Companies stock traded down $7.49 during trading hours on Friday, reaching $238.93. The stock had a trading volume of 3,164,519 shares, compared to its average volume of 2,187,527. The company has a fifty day simple moving average of $253.31 and a 200-day simple moving average of $258.58. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The stock has a market cap of $134.91 billion, a PE ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11.
Analyst Ratings Changes
LOW has been the topic of a number of research analyst reports. Mizuho upped their target price on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Barclays upped their price objective on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Truist Financial lifted their target price on shares of Lowe's Companies from $307.00 to $308.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. Finally, Wedbush restated a "neutral" rating and set a $250.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.96.
View Our Latest Analysis on Lowe's Companies
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 that occurred 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 transaction, the executive vice president now directly owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by company insiders.
Lowe's Companies Company Profile
(
Free Report)
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.
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