New York State Common Retirement Fund Sells 6,300 Shares of Lowe's Companies, Inc. (NYSE:LOW)

New York State Common Retirement Fund reduced its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 791,489 shares of the home improvement retailer's stock after selling 6,300 shares during the quarter. New York State Common Retirement Fund owned 0.14% of Lowe's Companies worth $195,339,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LOW. AMF Tjanstepension AB raised its position in Lowe's Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer's stock valued at $43,290,000 after purchasing an additional 20,123 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Lowe's Companies by 75.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer's stock valued at $14,352,000 after purchasing an additional 22,812 shares during the last quarter. Castleview Partners LLC increased its stake in shares of Lowe's Companies by 23.7% in the third quarter. Castleview Partners LLC now owns 605 shares of the home improvement retailer's stock valued at $164,000 after buying an additional 116 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Lowe's Companies in the third quarter valued at about $62,000. Finally, Foundations Investment Advisors LLC increased its stake in shares of Lowe's Companies by 307.0% in the third quarter. Foundations Investment Advisors LLC now owns 26,482 shares of the home improvement retailer's stock valued at $7,173,000 after buying an additional 19,976 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LOW shares. Mizuho increased their price target on Lowe's Companies from $282.00 to $305.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Wells Fargo & Company increased their price target on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. DA Davidson increased their price target on Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Evercore ISI increased their price target on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Finally, Sanford C. Bernstein increased their price target on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $282.96.

Lowe's Companies Stock Down 3.0 %

Lowe's Companies stock traded down $7.49 during mid-day trading on Friday, reaching $238.93. 3,164,519 shares of the company's stock were exchanged, compared to its average volume of 2,187,527. The business's fifty day simple moving average is $253.77 and its 200 day simple moving average is $258.57. The firm has a market capitalization of $134.91 billion, a PE ratio of 19.93, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.

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.