Private Wealth Partners LLC Buys 1,163 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Private Wealth Partners LLC grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,301 shares of the home improvement retailer's stock after acquiring an additional 1,163 shares during the period. Private Wealth Partners LLC's holdings in Lowe's Companies were worth $3,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LOW. StoneX Group Inc. bought a new stake in shares of Lowe's Companies during the 3rd quarter worth about $2,713,000. Principal Financial Group Inc. boosted its holdings in shares of Lowe's Companies by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock worth $175,944,000 after buying an additional 24,812 shares during the period. Miracle Mile Advisors LLC boosted its holdings in shares of Lowe's Companies by 288.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock worth $4,696,000 after buying an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Lowe's Companies by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after buying an additional 4,435 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of Lowe's Companies by 2.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after buying an additional 501 shares during the period. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

LOW stock traded down $7.42 during trading on Friday, reaching $239.00. 1,910,760 shares of the company were exchanged, compared to its average volume of 2,143,986. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a market capitalization of $134.95 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.96 and a beta of 1.11. The company has a 50-day moving average of $253.77 and a two-hundred day moving average of $258.57.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction on 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 sale, the executive vice president now directly owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.26% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Barclays lifted their target price on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. Guggenheim reissued a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. DA Davidson boosted their price objective 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. Finally, TD Cowen boosted their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average 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.