HighTower Advisors LLC Decreases Position in Lowe's Companies, Inc. (NYSE:LOW)

HighTower Advisors LLC reduced its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 822,653 shares of the home improvement retailer's stock after selling 21,875 shares during the period. HighTower Advisors LLC owned 0.15% of Lowe's Companies worth $222,881,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. StoneX Group Inc. acquired a new position in shares of Lowe's Companies in the third quarter valued at $2,713,000. HM Payson & Co. grew its stake in 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 purchasing an additional 2,322 shares during the period. Daymark Wealth Partners LLC raised its position in shares of Lowe's Companies by 12.7% during the second quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer's stock worth $5,637,000 after purchasing an additional 2,889 shares during the period. AMF Tjanstepension AB lifted its stake in Lowe's Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer's stock valued at $43,290,000 after acquiring an additional 20,123 shares in the last quarter. Finally, Claro Advisors LLC boosted its holdings in Lowe's Companies by 2,246.3% during the third quarter. Claro Advisors LLC now owns 40,521 shares of the home improvement retailer's stock worth $10,975,000 after purchasing an additional 38,794 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LOW shares. Bank of America upped their price objective on Lowe's Companies from $275.00 to $305.00 and gave the company a "buy" rating in a research note on Friday, October 11th. TD Cowen raised their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Royal Bank of Canada lifted their price target on shares of Lowe's Companies from $290.00 to $291.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 20th. Evercore ISI raised their price objective on Lowe's Companies from $255.00 to $270.00 and gave the company an "in-line" rating in a research note on Wednesday, November 20th. Finally, Gordon Haskett dropped their target price on Lowe's Companies from $245.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, August 21st. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $277.92.

Lowe's Companies Stock Up 0.9 %

Shares of Lowe's Companies stock traded up $2.34 during trading on Tuesday, reaching $274.39. The company's stock had a trading volume of 2,426,897 shares, compared to its average volume of 2,446,951. The company has a 50-day simple moving average of $270.29 and a two-hundred day simple moving average of $246.30. Lowe's Companies, Inc. has a 1-year low of $203.72 and a 1-year high of $287.01. The company has a market cap of $154.93 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.28 and a beta of 1.09.

Insider Activity

In other 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 transaction of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,697 shares of company stock worth $5,214,586 over the last ninety days. Corporate insiders own 0.26% of the company's stock.

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.