Geode Capital Management LLC Increases Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Geode Capital Management LLC increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,733,461 shares of the home improvement retailer's stock after purchasing an additional 187,473 shares during the period. Geode Capital Management LLC owned approximately 2.07% of Lowe's Companies worth $3,169,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new position in Lowe's Companies in the third quarter valued at $27,000. Stephens Consulting LLC raised its holdings in Lowe's Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 70 shares during the period. JNBA Financial Advisors grew its holdings in Lowe's Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC increased its position in shares of Lowe's Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock valued at $35,000 after buying an additional 70 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in shares of Lowe's Companies during the 2nd quarter worth approximately $37,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lowe's Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief accounting officer now owns 9,383 shares in the company, valued at $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 currently owned by corporate insiders.

Lowe's Companies Trading Down 1.5 %

LOW traded down $4.04 on Tuesday, hitting $270.11. 2,198,918 shares of the company were exchanged, compared to its average volume of 2,440,338. The company has a market cap of $152.52 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The firm has a 50-day moving average price of $271.07 and a two-hundred day moving average price of $248.27. Lowe's Companies, Inc. has a twelve month low of $205.84 and a twelve month high of $287.01.

Analysts Set New Price Targets

LOW has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on shares of Lowe's Companies from $290.00 to $291.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 20th. Morgan Stanley upped their price target on shares of Lowe's Companies from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 21st. Mizuho lifted their price objective on Lowe's Companies from $280.00 to $282.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Stifel Nicolaus boosted their price objective on Lowe's Companies from $250.00 to $260.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company raised their target price on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $277.92.

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.