W.G. Shaheen & Associates DBA Whitney & Co Acquires 146 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,894 shares of the home improvement retailer’s stock after acquiring an additional 146 shares during the period. Lowe’s Companies comprises 1.4% of W.G. Shaheen & Associates DBA Whitney & Co’s investment portfolio, making the stock its 25th biggest holding. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Lowe’s Companies were worth $13,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies during the 3rd quarter valued at $27,000. Winch Advisory Services LLC boosted its holdings in Lowe’s Companies by 56.4% during the 4th 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 last quarter. Marshall Investment Management LLC purchased a new position in Lowe’s Companies during the 4th quarter worth $31,000. Finally, JNBA Financial Advisors grew its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LOW. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Thursday. DA Davidson lifted their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Finally, Truist Financial upped their price objective on Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned 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 $282.96.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’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 $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Down 3.0 %

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

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.