Vontobel Holding Ltd. Raises Position in Lowe’s Companies, Inc. (NYSE:LOW)

Vontobel Holding Ltd. increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 221,355 shares of the home improvement retailer’s stock after buying an additional 14,839 shares during the quarter. Vontobel Holding Ltd.’s holdings in Lowe’s Companies were worth $54,630,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Bogart Wealth LLC grew its position in Lowe’s Companies by 2.5% in the fourth quarter. Bogart Wealth LLC now owns 1,747 shares of the home improvement retailer’s stock valued at $431,000 after acquiring an additional 43 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Lowe’s Companies by 1.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 217,213 shares of the home improvement retailer’s stock valued at $53,943,000 after purchasing an additional 3,045 shares during the period. Sunburst Financial Group LLC grew its holdings in Lowe’s Companies by 3.8% during the 4th quarter. Sunburst Financial Group LLC now owns 1,175 shares of the home improvement retailer’s stock valued at $290,000 after purchasing an additional 43 shares in the last quarter. SFE Investment Counsel increased its stake in Lowe’s Companies by 0.4% during the 4th quarter. SFE Investment Counsel now owns 49,198 shares of the home improvement retailer’s stock worth $12,142,000 after buying an additional 180 shares during the period. Finally, Avestar Capital LLC lifted its holdings in Lowe’s Companies by 11.3% in the 4th quarter. Avestar Capital LLC now owns 7,649 shares of the home improvement retailer’s stock worth $1,888,000 after buying an additional 778 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

LOW stock opened at $252.77 on Friday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock has a market capitalization of $142.73 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.04 and a beta of 1.11. The stock’s fifty day moving average is $256.15 and its two-hundred day moving average is $258.33.

Analyst Ratings Changes

Several brokerages have recently weighed in on LOW. DA Davidson raised their target price 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 raised their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Royal Bank of Canada increased their target price on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Evercore ISI lifted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.64.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.