FFT Wealth Management LLC Boosts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

FFT Wealth Management LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,377 shares of the home improvement retailer’s stock after acquiring an additional 42 shares during the period. FFT Wealth Management LLC’s holdings in Lowe’s Companies were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. FMR LLC raised its holdings in Lowe’s Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after purchasing an additional 2,399,897 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of Lowe’s Companies by 24,531.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock worth $303,096,000 after buying an additional 1,223,116 shares during the period. Applied Finance Capital Management LLC increased its stake in shares of Lowe’s Companies by 387.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after acquiring an additional 645,017 shares in the last quarter. State Street Corp lifted its position in Lowe’s Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock valued at $6,774,948,000 after acquiring an additional 460,851 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Lowe’s Companies by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer’s stock valued at $1,033,283,000 after acquiring an additional 385,994 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LOW. Truist Financial upped their price objective on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. DA Davidson lifted their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Wells Fargo & Company increased their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Mizuho lifted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Price Performance

NYSE LOW opened at $242.33 on Wednesday. The stock has a market capitalization of $136.83 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.96 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. The business’s fifty day moving average price is $252.53 and its 200-day moving average price is $258.94.

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.