Discipline Wealth Solutions LLC Buys Shares of 2,327 Lowe's Companies, Inc. (NYSE:LOW)

Discipline Wealth Solutions LLC purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,327 shares of the home improvement retailer's stock, valued at approximately $630,000.

Several other large investors have also recently bought and sold shares of LOW. StoneX Group Inc. acquired a new stake in shares of Lowe's Companies during the 3rd quarter valued at $2,713,000. HM Payson & Co. raised its holdings in shares of Lowe's Companies by 1.1% during the third quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer's stock worth $58,409,000 after acquiring an additional 2,322 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Lowe's Companies during the third quarter valued at $16,143,000. Daymark Wealth Partners LLC grew its stake in Lowe's Companies by 12.7% in the second quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer's stock valued at $5,637,000 after purchasing an additional 2,889 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in Lowe's Companies in the 3rd quarter worth about $5,976,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent research reports. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, September 18th. TD Cowen increased their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Gordon Haskett decreased their price objective on shares of Lowe's Companies from $245.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. lowered their target price on shares of Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 21st. Finally, Mizuho boosted their price target on Lowe's Companies from $280.00 to $282.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $278.32.

Insider Transactions at Lowe's Companies

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. This represents a 41.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 19,697 shares of company stock valued at $5,214,586. Corporate insiders own 0.26% of the company's stock.

Lowe's Companies Trading Down 0.8 %

NYSE:LOW traded down $2.20 during mid-day trading on Wednesday, hitting $267.91. The company's stock had a trading volume of 3,297,071 shares, compared to its average volume of 2,444,008. The company has a market capitalization of $151.28 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.29 and a beta of 1.10. Lowe's Companies, Inc. has a fifty-two week low of $205.84 and a fifty-two week high of $287.01. The stock has a fifty day moving average of $271.02 and a 200-day moving average of $248.66.

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.