DT Investment Partners LLC Sells 1,377 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

DT Investment Partners LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 41.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,960 shares of the home improvement retailer’s stock after selling 1,377 shares during the quarter. DT Investment Partners LLC’s holdings in Lowe’s Companies were worth $484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter valued at $27,000. Winch Advisory Services LLC raised its stake in shares of 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 valued at $30,000 after purchasing an additional 44 shares during the period. JNBA Financial Advisors raised its stake in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC raised its stake in shares of 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 valued at $35,000 after purchasing an additional 70 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $252.77 on Friday. The stock has a market capitalization of $142.73 billion, a PE ratio of 21.08, a P/E/G ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The business has a 50-day moving average of $256.15 and a 200 day moving average of $258.33.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LOW shares. TD Cowen upped their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Truist Financial upped their target price on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research note on Tuesday. DA Davidson upped their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Finally, Barclays upped their target price on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note 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 company. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $281.64.

Lowe’s Companies Company 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.