Nomura Asset Management Co. Ltd. Has $102.83 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

Nomura Asset Management Co. Ltd. raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 379,652 shares of the home improvement retailer's stock after buying an additional 24,598 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.07% of Lowe's Companies worth $102,829,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LOW. Crew Capital Management Ltd. raised its stake in Lowe's Companies by 1.0% during the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock valued at $1,049,000 after buying an additional 37 shares in the last quarter. Summit Place Financial Advisors LLC increased its holdings in shares of Lowe's Companies by 2.8% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock valued at $372,000 after acquiring an additional 37 shares during the last quarter. Clean Yield Group raised its position in shares of Lowe's Companies by 2.4% during the 3rd quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer's stock valued at $433,000 after acquiring an additional 38 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in Lowe's Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock worth $2,021,000 after purchasing an additional 40 shares during the last quarter. Finally, Drive Wealth Management LLC boosted its holdings in Lowe's Companies by 2.2% in the second quarter. Drive Wealth Management LLC now owns 1,894 shares of the home improvement retailer's stock worth $418,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LOW shares. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Wednesday, September 18th. Melius Research assumed coverage on Lowe's Companies in a research note on Monday, September 23rd. They issued a "buy" rating and a $290.00 target price for the company. Morgan Stanley upped their target price on Lowe's Companies from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Wednesday, August 21st. Mizuho boosted their price objective on Lowe's Companies from $280.00 to $282.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Finally, Bank of America upped 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. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $277.92.

Lowe's Companies Price Performance

Shares of NYSE:LOW traded up $1.61 on Monday, reaching $275.04. 1,214,123 shares of the company traded hands, compared to its average volume of 2,435,005. The stock has a market capitalization of $155.30 billion, a PE ratio of 22.80, a P/E/G ratio of 2.29 and a beta of 1.10. The company's 50 day moving average is $271.01 and its 200-day moving average is $247.87. Lowe's Companies, Inc. has a fifty-two week low of $205.84 and a fifty-two week high of $287.01.

Insider Activity

In related news, 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe's Companies 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 transaction, the executive vice president now 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 a total of 19,697 shares of company stock valued at $5,214,586 over the last three months. Insiders own 0.26% of the company's stock.

Lowe's Companies 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.