Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 332,145 shares of the home improvement retailer's stock after selling 3,387 shares during the quarter. M&T Bank Corp owned 0.06% of Lowe's Companies worth $81,974,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. IFS Advisors LLC purchased a new stake in Lowe's Companies during the 4th quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe's Companies during the 3rd quarter valued at about $27,000. Winch Advisory Services LLC boosted its stake in shares of Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter worth about $31,000. Finally, JNBA Financial Advisors boosted its stake in shares of Lowe's Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LOW. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Mizuho lowered their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Sanford C. Bernstein upped their target price on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Stifel Nicolaus upped their target price on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Finally, Evercore ISI upped their target price on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $280.83.

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Lowe's Companies Trading Down 0.3 %

Lowe's Companies stock traded down $0.66 during mid-day trading on Friday, hitting $242.84. The company's stock had a trading volume of 2,570,569 shares, compared to its average volume of 2,278,899. The firm has a market capitalization of $137.12 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock's fifty day moving average is $251.90 and its two-hundred day moving average is $259.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. On average, equities analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

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.