Toronto Dominion Bank cut its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 212,106 shares of the home improvement retailer's stock after selling 55,713 shares during the quarter. Toronto Dominion Bank's holdings in Lowe's Companies were worth $57,449,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. StoneX Group Inc. acquired a new stake in shares of Lowe's Companies during the third quarter worth $2,713,000. HM Payson & Co. lifted its stake in shares of Lowe's Companies by 1.1% in the 3rd quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer's stock worth $58,409,000 after acquiring an additional 2,322 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Lowe's Companies in the 3rd quarter worth $16,143,000. Daymark Wealth Partners LLC boosted its holdings in shares of Lowe's Companies by 12.7% in the second quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer's stock valued at $5,637,000 after acquiring an additional 2,889 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of Lowe's Companies during the third quarter worth about $5,976,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Lowe's Companies Stock Down 1.6 %
Shares of NYSE:LOW traded down $4.40 during trading on Thursday, reaching $263.50. The stock had a trading volume of 2,330,774 shares, compared to its average volume of 2,443,781. The stock has a market cap of $148.79 billion, a P/E ratio of 22.01, a PEG ratio of 2.29 and a beta of 1.09. The business has a fifty day moving average price of $270.94 and a 200-day moving average price of $248.80. Lowe's Companies, Inc. has a fifty-two week low of $206.08 and a fifty-two week high of $287.01.
Wall Street Analyst Weigh In
A number of brokerages recently commented on LOW. Melius Research began coverage on shares of Lowe's Companies in a research report on Monday, September 23rd. They issued a "buy" rating and a $290.00 price objective for the company. Piper Sandler raised their price target on Lowe's Companies from $262.00 to $307.00 and gave the company an "overweight" rating in a report on Monday, September 30th. DA Davidson upped their price objective on Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a report on Wednesday, November 20th. Wedbush reiterated a "neutral" rating and issued a $250.00 price objective on shares of Lowe's Companies in a research report on Thursday. Finally, Truist Financial decreased their target price on shares of Lowe's Companies from $310.00 to $307.00 and set a "buy" rating on the stock in a research report on Thursday. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $280.85.
Check Out Our Latest Stock Report on LOW
Insiders Place Their Bets
In other Lowe's Companies 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 approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe's Companies stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now owns 13,214 shares of the company's stock, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.
Lowe's Companies 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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