Berkshire Asset Management LLC PA Sells 4,644 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Berkshire Asset Management LLC PA trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,763 shares of the home improvement retailer's stock after selling 4,644 shares during the quarter. Lowe's Companies accounts for 1.8% of Berkshire Asset Management LLC PA's holdings, making the stock its 19th biggest holding. Berkshire Asset Management LLC PA's holdings in Lowe's Companies were worth $39,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Klingenstein Fields & Co. LP raised its holdings in shares of Lowe's Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after acquiring an additional 39 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Lowe's Companies by 0.5% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock valued at $2,021,000 after acquiring an additional 40 shares in the last quarter. Powers Advisory Group LLC raised its holdings in shares of Lowe's Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after acquiring an additional 40 shares in the last quarter. Saxony Capital Management LLC raised its holdings in shares of Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after acquiring an additional 40 shares in the last quarter. Finally, Cordatus Wealth Management LLC raised its holdings in shares of Lowe's Companies by 0.3% in the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after acquiring an additional 41 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

LOW has been the topic of a number of research reports. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Stifel Nicolaus raised their price objective on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Mizuho decreased their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, Sanford C. Bernstein raised their price objective on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average target price of $280.83.

Lowe's Companies Trading Down 0.3 %

Shares of LOW stock traded down $0.66 during trading hours on Friday, reaching $242.84. The company's stock had a trading volume of 2,570,569 shares, compared to its average volume of 2,282,015. The stock has a market capitalization of $137.12 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The firm's fifty day simple moving average is $251.90 and its 200 day simple moving average is $259.14.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, equities research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

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.