WealthPlan Investment Management LLC Increases Stake in Lowe's Companies, Inc. (NYSE:LOW)

WealthPlan Investment Management LLC raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 12.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,156 shares of the home improvement retailer's stock after purchasing an additional 1,032 shares during the quarter. WealthPlan Investment Management LLC's holdings in Lowe's Companies were worth $2,260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Lowe's Companies by 10.2% during the third 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. International Assets Investment Management LLC boosted its stake in Lowe's Companies by 1,889.7% in the third 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. Strategic Financial Concepts LLC boosted its stake in Lowe's Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock valued at $303,096,000 after acquiring an additional 1,223,116 shares in the last quarter. Applied Finance Capital Management LLC boosted its stake in Lowe's Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer's stock valued at $219,761,000 after acquiring an additional 645,017 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Lowe's Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after buying an additional 460,851 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction that occurred on 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 directly owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Wells Fargo & Company raised their target price 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. Evercore ISI raised their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research report on Thursday, December 12th. TD Cowen raised their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Finally, Mizuho lifted their target price on shares of Lowe's Companies from $282.00 to $305.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $282.96.

Lowe's Companies Trading Down 1.7 %

LOW stock traded down $4.22 during trading on Wednesday, reaching $246.49. 2,513,277 shares of the stock were exchanged, compared to its average volume of 2,162,052. The business has a 50 day moving average price of $254.54 and a 200-day moving average price of $258.73. The firm has a market capitalization of $139.18 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 2.00 and a beta of 1.11. Lowe's Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

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.