1,366 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by Partners Wealth Management LLC

Partners Wealth Management LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,366 shares of the home improvement retailer’s stock, valued at approximately $337,000.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies during the third quarter valued at $27,000. IFS Advisors LLC purchased a new position in Lowe’s Companies in the 4th quarter worth about $25,000. Marshall Investment Management LLC bought a new position in Lowe’s Companies during the 4th quarter valued at about $31,000. JNBA Financial Advisors boosted its holdings in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Winch Advisory Services LLC grew its stake in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 3.0 %

NYSE:LOW opened at $238.93 on Monday. The stock has a 50-day moving average price of $253.31 and a 200 day moving average price of $258.90. The stock has a market capitalization of $134.91 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Wells Fargo & Company increased their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Stifel Nicolaus increased their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Finally, Mizuho increased their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $282.96.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction 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 transaction, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

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.