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

M&T Bank Corp reduced its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 335,532 shares of the home improvement retailer's stock after selling 11,959 shares during the period. M&T Bank Corp owned approximately 0.06% of Lowe's Companies worth $90,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Soltis Investment Advisors LLC increased its holdings in Lowe's Companies by 8.2% during the 3rd quarter. Soltis Investment Advisors LLC now owns 1,907 shares of the home improvement retailer's stock valued at $517,000 after acquiring an additional 144 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of Lowe's Companies by 17.1% in the third quarter. TD Private Client Wealth LLC now owns 5,125 shares of the home improvement retailer's stock valued at $1,388,000 after purchasing an additional 749 shares during the last quarter. Fortem Financial Group LLC purchased a new position in shares of Lowe's Companies during the 3rd quarter worth approximately $232,000. Arete Wealth Advisors LLC raised its position in shares of Lowe's Companies by 7.6% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,161 shares of the home improvement retailer's stock worth $855,000 after purchasing an additional 224 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Lowe's Companies by 7.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 142,497 shares of the home improvement retailer's stock valued at $38,595,000 after buying an additional 9,728 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Trading Up 1.3 %

Shares of NYSE LOW opened at $247.72 on Friday. The stock has a fifty day moving average price of $268.54 and a 200 day moving average price of $250.45. Lowe's Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01. The company has a market cap of $139.88 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.25 and a beta of 1.09.

Insider Transactions at Lowe's Companies

In related news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe's Companies stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now owns 13,214 shares of the company's stock, valued at $3,586,940.30. The trade was a 30.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Oppenheimer upgraded Lowe's Companies from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $230.00 to $305.00 in a research report on Tuesday, September 24th. Wells Fargo & Company boosted their target price on shares of Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Wedbush reaffirmed a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. Finally, Mizuho lifted their price target on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target of $280.85.

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.