Royal London Asset Management Ltd. Buys 6,210 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Royal London Asset Management Ltd. boosted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 240,526 shares of the home improvement retailer's stock after purchasing an additional 6,210 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Lowe's Companies were worth $65,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its stake in Lowe's Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after purchasing an additional 2,399,897 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Lowe's Companies by 1.6% during the second quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer's stock valued at $1,147,603,000 after buying an additional 82,978 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lowe's Companies by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer's stock worth $912,508,000 after acquiring an additional 39,953 shares in the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Lowe's Companies by 1.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer's stock worth $634,700,000 after acquiring an additional 36,054 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Lowe's Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock valued at $578,256,000 after acquiring an additional 2,027,668 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Stock Up 1.2 %

LOW traded up $3.36 during trading on Friday, reaching $273.43. 1,745,737 shares of the company were exchanged, compared to its average volume of 2,440,504. The company has a market cap of $154.39 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.30 and a beta of 1.09. Lowe's Companies, Inc. has a 12-month low of $205.84 and a 12-month high of $287.01. The company's 50-day moving average is $270.88 and its two-hundred day moving average is $247.22.

Analyst Ratings Changes

A number of research firms have recently weighed in on LOW. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a report on Wednesday, September 18th. Truist Financial lifted their price objective on shares of Lowe's Companies from $307.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Wedbush reiterated a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a report on Wednesday, August 21st. Wells Fargo & Company boosted their price target on shares of Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, Mizuho increased their price objective on shares of Lowe's Companies from $280.00 to $282.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $277.92.

Insider Transactions at Lowe's Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe's Companies stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,697 shares of company stock valued at $5,214,586. 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.