Lowe's Companies, Inc. (NYSE:LOW) Holdings Lifted by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 721,116 shares of the home improvement retailer's stock after purchasing an additional 90,750 shares during the quarter. Wellington Management Group LLP owned 0.13% of Lowe's Companies worth $195,314,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Stephens Consulting LLC boosted its holdings in Lowe's Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 70 shares during the period. JNBA Financial Advisors boosted its holdings in Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 100 shares during the period. MFA Wealth Advisors LLC boosted its holdings in Lowe's Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after acquiring an additional 70 shares during the period. Kimelman & Baird LLC purchased a new position in Lowe's Companies in the 2nd quarter worth approximately $37,000. Finally, Tsfg LLC boosted its holdings in Lowe's Companies by 128.2% in the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock worth $48,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity

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 transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now 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 filing with the SEC, which is available through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now directly owns 9,383 shares of the company's stock, valued at $2,334,678.06. This represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,697 shares of company stock valued at $5,214,586. Company insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LOW shares. Royal Bank of Canada increased their target price on Lowe's Companies from $290.00 to $291.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 20th. Loop Capital upgraded Lowe's Companies from a "hold" rating to a "buy" rating and increased their target price for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Melius Research started coverage on Lowe's Companies in a research note on Monday, September 23rd. They set a "buy" rating and a $290.00 target price for the company. Barclays increased 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, Mizuho increased their target price on Lowe's Companies from $280.00 to $282.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $277.92.

Lowe's Companies Price Performance

Shares of LOW traded up $0.72 during trading hours on Monday, reaching $274.15. 2,590,103 shares of the company's stock traded hands, compared to its average volume of 2,441,366. The firm has a market capitalization of $154.80 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.29 and a beta of 1.10. Lowe's Companies, Inc. has a twelve month low of $205.84 and a twelve month high of $287.01. The business's fifty day simple moving average is $271.07 and its two-hundred day simple moving average is $248.27.

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.