Principal Financial Group Inc. reduced its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 642,585 shares of the home improvement retailer's stock after selling 7,016 shares during the period. Principal Financial Group Inc. owned 0.11% of Lowe's Companies worth $158,590,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Americana Partners LLC grew its holdings in Lowe's Companies by 16.5% during the 4th quarter. Americana Partners LLC now owns 27,744 shares of the home improvement retailer's stock worth $6,847,000 after acquiring an additional 3,936 shares during the period. Strategic Advisors LLC grew its holdings in Lowe's Companies by 1.3% during the 4th quarter. Strategic Advisors LLC now owns 4,130 shares of the home improvement retailer's stock worth $1,019,000 after acquiring an additional 51 shares during the period. Sierra Ocean LLC acquired a new stake in Lowe's Companies during the 4th quarter worth about $61,000. Monument Capital Management grew its holdings in Lowe's Companies by 4.4% during the 4th quarter. Monument Capital Management now owns 1,352 shares of the home improvement retailer's stock worth $334,000 after acquiring an additional 57 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in Lowe's Companies by 7.6% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,905 shares of the home improvement retailer's stock worth $1,704,000 after acquiring an additional 490 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Lowe's Companies
In related news, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by company insiders.
Lowe's Companies Price Performance
Shares of NYSE LOW traded down $7.49 during midday trading on Friday, reaching $238.93. The company's stock had a trading volume of 3,164,519 shares, compared to its average volume of 2,187,527. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a 50 day moving average price of $253.31 and a 200-day moving average price of $258.58. The stock has a market capitalization of $134.91 billion, a P/E ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a report on Thursday. Mizuho raised their target price 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. Sanford C. Bernstein raised their target price 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. Royal Bank of Canada raised their target price on Lowe's Companies from $291.00 to $292.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Finally, Guggenheim restated a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $282.96.
Check Out Our Latest Research Report on LOW
Lowe's Companies Company Profile
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Free Report)
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.
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