Stifel Financial Corp Sells 11,031 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Stifel Financial Corp cut its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 693,381 shares of the home improvement retailer's stock after selling 11,031 shares during the period. Stifel Financial Corp owned 0.12% of Lowe's Companies worth $187,812,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LOW. Crew Capital Management Ltd. boosted its holdings in shares of Lowe's Companies by 1.0% in the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock worth $1,049,000 after acquiring an additional 37 shares during the period. Summit Place Financial Advisors LLC boosted its holdings in shares of Lowe's Companies by 2.8% in the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock worth $372,000 after acquiring an additional 37 shares during the period. Clean Yield Group boosted its holdings in shares of Lowe's Companies by 2.4% in the third quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer's stock worth $433,000 after acquiring an additional 38 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Lowe's Companies by 0.5% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock worth $2,021,000 after acquiring an additional 40 shares during the period. Finally, Drive Wealth Management LLC boosted its holdings in shares of Lowe's Companies by 2.2% in the second quarter. Drive Wealth Management LLC now owns 1,894 shares of the home improvement retailer's stock worth $418,000 after acquiring an additional 41 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Up 1.2 %

Shares of LOW traded up $3.36 during trading hours on Friday, hitting $273.43. The company had a trading volume of 1,745,737 shares, compared to its average volume of 2,440,504. The firm has a market cap of $154.39 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.30 and a beta of 1.09. The stock's 50 day moving average price is $270.88 and its 200 day moving average price is $247.22. Lowe's Companies, Inc. has a 52-week low of $205.84 and a 52-week high of $287.01.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Sanford C. Bernstein cut their price target on Lowe's Companies from $306.00 to $301.00 and set an "outperform" rating for the company in a report on Wednesday, November 20th. Mizuho increased their price objective on Lowe's Companies from $280.00 to $282.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Evercore ISI increased their price objective on Lowe's Companies from $255.00 to $270.00 and gave the stock an "in-line" rating in a research report on Wednesday, November 20th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, September 18th. Finally, Stifel Nicolaus increased their price objective on Lowe's Companies from $250.00 to $260.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $277.92.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 16,703 shares of the company's stock, valued at $4,582,802.11. This trade 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 available through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. The trade was a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,697 shares of company stock valued at $5,214,586 over the last ninety days. 0.26% of the stock is owned by insiders.

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.