Mcdonald Partners LLC Cuts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Mcdonald Partners LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,286 shares of the home improvement retailer’s stock after selling 173 shares during the quarter. Mcdonald Partners LLC’s holdings in Lowe’s Companies were worth $1,798,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LOW. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $27,000. IFS Advisors LLC purchased a new position in Lowe’s Companies in the fourth quarter valued at $25,000. JNBA Financial Advisors increased its holdings in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Winch Advisory Services LLC raised its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares in the last quarter. Finally, MFA Wealth Advisors LLC lifted its holdings in Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LOW. Truist Financial increased their price objective on Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Stifel Nicolaus raised their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. TD Cowen increased their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada boosted their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $282.96.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’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 sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Trading Down 0.3 %

Shares of LOW opened at $251.88 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm has a market capitalization of $142.23 billion, a PE ratio of 21.01, a P/E/G ratio of 2.04 and a beta of 1.11. The stock’s 50 day moving average is $254.93 and its two-hundred day moving average is $258.66.

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.