Ingalls & Snyder LLC Raises Position in Lowe’s Companies, Inc. (NYSE:LOW)

Ingalls & Snyder LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 13.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,863 shares of the home improvement retailer’s stock after acquiring an additional 1,564 shares during the period. Ingalls & Snyder LLC’s holdings in Lowe’s Companies were worth $3,484,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. JNBA Financial Advisors lifted its position 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 valued at $32,000 after acquiring an additional 100 shares in the last quarter. MFA Wealth Advisors LLC raised its stake in shares of Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares during the last quarter. Stephens Consulting LLC lifted its holdings in shares of Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Lowe’s Companies during the second quarter valued at $37,000. Finally, Tsfg LLC increased 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 buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.3 %

NYSE:LOW traded down $0.92 on Tuesday, reaching $271.13. 218,952 shares of the company’s stock traded hands, compared to its average volume of 2,437,113. The stock has a 50-day simple moving average of $270.29 and a 200-day simple moving average of $246.30. Lowe’s Companies, Inc. has a 12 month low of $203.72 and a 12 month high of $287.01. The firm has a market cap of $153.09 billion, a PE ratio of 22.69, a P/E/G ratio of 2.28 and a beta of 1.10.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,697 shares of company stock valued at $5,214,586. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein dropped 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. Bank of America raised their target price on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Morgan Stanley increased their price target on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. Finally, DA Davidson lifted their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $277.92.

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.