Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Community Bank N.A.

Community Bank N.A. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,501 shares of the home improvement retailer’s stock after selling 294 shares during the period. Community Bank N.A.’s holdings in Lowe’s Companies were worth $5,552,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. FMR LLC boosted 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 valued at $7,045,006,000 after purchasing an additional 2,399,897 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Lowe’s Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer’s stock valued at $1,147,603,000 after buying an additional 82,978 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Lowe’s Companies by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer’s stock worth $912,508,000 after buying an additional 39,953 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in Lowe’s Companies by 1.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer’s stock worth $634,700,000 after acquiring an additional 36,054 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Lowe’s Companies by 1,889.7% during the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock worth $578,256,000 after acquiring an additional 2,027,668 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

NYSE LOW opened at $272.43 on Monday. The stock’s fifty day moving average is $270.29 and its two-hundred day moving average is $246.30. The firm has a market capitalization of $154.55 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Lowe’s Companies, Inc. has a fifty-two week low of $196.32 and a fifty-two week high of $287.01.

Analysts Set New Price Targets

LOW has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Sanford C. Bernstein lowered their price target on shares of Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Piper Sandler increased their target price on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Truist Financial upped their price target on Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $277.92.

Insider Activity

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,697 shares of company stock valued at $5,214,586. 0.26% of the stock is currently owned by insiders.

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.