Janus Henderson Group PLC Lowers Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Janus Henderson Group PLC lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,724 shares of the home improvement retailer's stock after selling 5,300 shares during the period. Janus Henderson Group PLC's holdings in Lowe's Companies were worth $22,133,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. StoneX Group Inc. acquired a new position in shares of Lowe's Companies during the third quarter valued at $2,713,000. HM Payson & Co. increased its stake in Lowe's Companies by 1.1% during the 3rd quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer's stock valued at $58,409,000 after buying 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 2nd quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer's stock worth $5,637,000 after buying an additional 2,889 shares in the last quarter. AMF Tjanstepension AB lifted its stake in shares of Lowe's Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer's stock worth $43,290,000 after acquiring an additional 20,123 shares during the period. Finally, Erste Asset Management GmbH bought a new position in shares of Lowe's Companies in the third quarter valued at approximately $5,976,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LOW shares. JPMorgan Chase & Co. reduced their price objective on shares of Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating for the company in a research report on Wednesday, August 21st. Piper Sandler raised their target price on shares of Lowe's Companies from $262.00 to $307.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Loop Capital raised Lowe's Companies from a "hold" rating to a "buy" rating and upped their price target for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Bank of America raised their price objective on Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Finally, Mizuho boosted their target price 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 given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $277.92.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm's 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 sale, the executive vice president now owns 16,703 shares of the company's stock, valued at $4,582,802.11. This trade 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 is available at this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.06. This represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,697 shares of company stock valued at $5,214,586. 0.26% of the stock is owned by corporate insiders.

Lowe's Companies Stock Performance

Shares of LOW traded up $3.36 during mid-day trading on Friday, reaching $273.43. The stock had a trading volume of 1,745,737 shares, compared to its average volume of 2,297,856. The business has a fifty day moving average of $271.01 and a 200 day moving average of $247.87. The firm has a market cap of $154.39 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.28 and a beta of 1.09. Lowe's Companies, Inc. has a 12 month low of $205.84 and a 12 month high of $287.01.

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.