Handelsbanken Fonder AB Purchases 7,407 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Handelsbanken Fonder AB grew its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,725 shares of the home improvement retailer's stock after buying an additional 7,407 shares during the quarter. Handelsbanken Fonder AB's holdings in Lowe's Companies were worth $44,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of LOW. IFS Advisors LLC bought a new position in shares of Lowe's Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in shares of Lowe's Companies during the 3rd quarter valued at $27,000. Winch Advisory Services LLC lifted its holdings in shares of Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 44 shares during the period. JNBA Financial Advisors lifted its holdings in shares of Lowe's Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after buying an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC increased its stake in shares of Lowe's Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after purchasing an additional 70 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Price Performance

Shares of Lowe's Companies stock traded down $7.49 during trading on Friday, reaching $238.93. 3,164,519 shares of the stock traded hands, compared to its average volume of 2,187,527. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The business has a fifty day simple moving average of $253.77 and a two-hundred day simple moving average of $258.57. The company has a market capitalization of $134.91 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 1.96 and a beta of 1.11.

Insider Activity at Lowe's Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on LOW. Mizuho upped their price objective 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. Stifel Nicolaus upped their price objective on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Sanford C. Bernstein upped their price objective on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. TD Cowen upped their price objective on Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Barclays increased their price target on Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.96.

About Lowe's Companies

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.