Kovitz Investment Group Partners LLC Has $139.04 Million Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

Kovitz Investment Group Partners LLC lowered its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 527,145 shares of the home improvement retailer's stock after selling 30,855 shares during the quarter. Lowe's Companies comprises approximately 0.9% of Kovitz Investment Group Partners LLC's holdings, making the stock its 25th largest holding. Kovitz Investment Group Partners LLC owned 0.09% of Lowe's Companies worth $139,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LOW. Capital Investment Advisors LLC increased its stake in Lowe's Companies by 2.0% in the second quarter. Capital Investment Advisors LLC now owns 7,275 shares of the home improvement retailer's stock valued at $1,604,000 after purchasing an additional 142 shares in the last quarter. Annex Advisory Services LLC raised its stake in Lowe's Companies by 9.2% during the 2nd quarter. Annex Advisory Services LLC now owns 1,528 shares of the home improvement retailer's stock worth $337,000 after buying an additional 129 shares during the period. Atlas Private Wealth Advisors lifted its holdings in Lowe's Companies by 100.0% during the second quarter. Atlas Private Wealth Advisors now owns 1,824 shares of the home improvement retailer's stock worth $402,000 after acquiring an additional 912 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in Lowe's Companies by 14.0% in the second quarter. Bruce G. Allen Investments LLC now owns 595 shares of the home improvement retailer's stock valued at $131,000 after acquiring an additional 73 shares during the period. Finally, Cypress Wealth Services LLC increased its holdings in shares of Lowe's Companies by 2.3% in the second quarter. Cypress Wealth Services LLC now owns 2,089 shares of the home improvement retailer's stock worth $460,000 after acquiring an additional 47 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Trading Up 1.2 %

Shares of LOW traded up $3.36 during mid-day trading on Friday, reaching $273.43. The company's stock had a trading volume of 1,745,737 shares, compared to its average volume of 2,297,856. The business has a 50-day simple moving average of $270.88 and a two-hundred day simple moving average of $247.22. Lowe's Companies, Inc. has a 1-year low of $205.84 and a 1-year high of $287.01. The stock has a market cap of $154.39 billion, a P/E ratio of 22.80, a PEG ratio of 2.28 and a beta of 1.09.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOW. Stifel Nicolaus boosted their price objective on Lowe's Companies from $250.00 to $260.00 and gave the company a "hold" rating in a research report on Monday, November 11th. DA Davidson upped their price target on shares of Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. Piper Sandler raised their price objective 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. Evercore ISI upped their target price on shares of Lowe's Companies from $255.00 to $270.00 and gave the stock an "in-line" rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada lifted their price target on Lowe's Companies from $290.00 to $291.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $277.92.

Insiders Place Their Bets

In related news, 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 sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares of the company's stock, valued at $2,334,678.06. This represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,697 shares of company stock worth $5,214,586. 0.26% of the stock is currently owned by insiders.

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.