Temasek Holdings Private Ltd Sells 25,000 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Temasek Holdings Private Ltd lowered its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,480 shares of the home improvement retailer's stock after selling 25,000 shares during the period. Temasek Holdings Private Ltd's holdings in Lowe's Companies were worth $23,152,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LOW. Stephens Consulting LLC raised its position in shares of Lowe's Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock worth $32,000 after buying an additional 70 shares in the last quarter. JNBA Financial Advisors lifted its position in shares of Lowe's Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. MFA Wealth Advisors LLC grew its position in Lowe's Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock valued at $35,000 after purchasing an additional 70 shares in the last quarter. Kimelman & Baird LLC acquired a new position in Lowe's Companies in the 2nd quarter valued at approximately $37,000. Finally, Tsfg LLC boosted its stake in shares of Lowe's Companies by 128.2% during the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock valued at $48,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on LOW shares. Barclays increased their price objective on Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Tuesday, November 19th. UBS Group lifted their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Sanford C. Bernstein reduced their price target on Lowe's Companies from $306.00 to $301.00 and set an "outperform" rating for the company in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, September 18th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $277.92.

Insider Buying and Selling

In other Lowe's Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction on 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 owns 9,383 shares in the company, valued at approximately $2,334,678.06. This represents a 41.91 % decrease in their position. The sale 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 business's 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 completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. 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 quarter. Corporate insiders own 0.26% of the company's stock.

Lowe's Companies Trading Up 1.7 %

LOW traded up $4.70 during trading on Friday, reaching $274.77. The stock had a trading volume of 907,289 shares, compared to its average volume of 2,436,823. Lowe's Companies, Inc. has a one year low of $205.84 and a one year high of $287.01. The company has a market capitalization of $155.15 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 2.30 and a beta of 1.09. The stock's 50 day moving average is $270.88 and its two-hundred day moving average is $247.22.

Lowe's Companies 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.