Venturi Wealth Management LLC Has $3.81 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

Venturi Wealth Management LLC raised its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 51.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,423 shares of the home improvement retailer's stock after buying an additional 5,245 shares during the period. Venturi Wealth Management LLC's holdings in Lowe's Companies were worth $3,806,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LOW. CIBC Asset Management Inc increased its stake in Lowe's Companies by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 87,619 shares of the home improvement retailer's stock worth $21,624,000 after purchasing an additional 3,701 shares in the last quarter. Human Investing LLC acquired a new position in shares of Lowe's Companies in the fourth quarter worth about $75,000. Catalyst Capital Advisors LLC increased its position in shares of Lowe's Companies by 90.1% in the fourth quarter. Catalyst Capital Advisors LLC now owns 726 shares of the home improvement retailer's stock worth $179,000 after acquiring an additional 344 shares in the last quarter. Americana Partners LLC raised its holdings in shares of Lowe's Companies by 16.5% during the fourth quarter. Americana Partners LLC now owns 27,744 shares of the home improvement retailer's stock valued at $6,847,000 after acquiring an additional 3,936 shares during the period. Finally, Strategic Advisors LLC lifted its position in shares of Lowe's Companies by 1.3% in the 4th quarter. Strategic Advisors LLC now owns 4,130 shares of the home improvement retailer's stock valued at $1,019,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on LOW. Truist Financial lifted their price objective on shares of Lowe's Companies from $307.00 to $308.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. TD Cowen lifted their price target on Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. Guggenheim reissued a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a research note on Thursday, December 12th. Barclays lifted their target price on Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada increased their price target on shares of Lowe's Companies from $291.00 to $292.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average target price of $282.96.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company's stock.

Lowe's Companies Price Performance

LOW traded down $7.49 on Friday, hitting $238.93. The company had a trading volume of 3,164,519 shares, compared to its average volume of 2,187,527. The stock has a market cap of $134.91 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The company's fifty day moving average price is $253.31 and its 200 day moving average price is $258.58. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

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.