Quantinno Capital Management LP Acquires 19,648 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Quantinno Capital Management LP lifted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 67.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,707 shares of the home improvement retailer's stock after purchasing an additional 19,648 shares during the quarter. Quantinno Capital Management LP's holdings in Lowe's Companies were worth $13,192,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Royal London Asset Management Ltd. grew its holdings in shares of Lowe's Companies by 2.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 240,526 shares of the home improvement retailer's stock worth $65,146,000 after purchasing an additional 6,210 shares during the last quarter. Rench Wealth Management Inc. grew its holdings in shares of Lowe's Companies by 7.1% in the 3rd quarter. Rench Wealth Management Inc. now owns 18,547 shares of the home improvement retailer's stock worth $5,024,000 after purchasing an additional 1,228 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of Lowe's Companies by 15.6% in the 3rd quarter. IHT Wealth Management LLC now owns 12,233 shares of the home improvement retailer's stock worth $3,316,000 after purchasing an additional 1,652 shares during the last quarter. Ingalls & Snyder LLC grew its holdings in Lowe's Companies by 13.8% during the 3rd quarter. Ingalls & Snyder LLC now owns 12,863 shares of the home improvement retailer's stock worth $3,484,000 after acquiring an additional 1,564 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its holdings in Lowe's Companies by 20.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 36,303 shares of the home improvement retailer's stock worth $9,833,000 after acquiring an additional 6,100 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Down 0.8 %

Shares of NYSE LOW traded down $2.11 during trading hours on Thursday, hitting $270.16. The company had a trading volume of 849,821 shares, compared to its average volume of 2,438,530. Lowe's Companies, Inc. has a 1-year low of $205.84 and a 1-year high of $287.01. The firm's 50 day moving average is $270.79 and its 200-day moving average is $247.06. The stock has a market capitalization of $152.55 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.30 and a beta of 1.09.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. 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 began coverage on shares of Lowe's Companies in a report on Monday, September 23rd. They set a "buy" rating and a $290.00 price objective on the stock. Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Tuesday, November 19th. TD Cowen upped their target price 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. Finally, Wedbush restated a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a research report on Wednesday, August 21st. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $277.92.

Insider Buying and Selling

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value 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. This represents a 30.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,697 shares of company stock worth $5,214,586. Company 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.