Auxier Asset Management Buys 96 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Auxier Asset Management increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,855 shares of the home improvement retailer’s stock after buying an additional 96 shares during the period. Lowe’s Companies comprises about 1.6% of Auxier Asset Management’s holdings, making the stock its 19th biggest position. Auxier Asset Management’s holdings in Lowe’s Companies were worth $10,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LOW. StoneX Group Inc. purchased a new position in Lowe’s Companies in the third quarter valued at approximately $2,713,000. HM Payson & Co. grew its stake in shares of Lowe’s Companies by 1.1% during the 3rd quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock worth $58,409,000 after acquiring an additional 2,322 shares during the period. Daymark Wealth Partners LLC increased its holdings in Lowe’s Companies by 12.7% in the 2nd quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer’s stock worth $5,637,000 after acquiring an additional 2,889 shares during the last quarter. AMF Tjanstepension AB raised its stake in Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after acquiring an additional 20,123 shares during the period. Finally, Claro Advisors LLC lifted its holdings in Lowe’s Companies by 2,246.3% during the third quarter. Claro Advisors LLC now owns 40,521 shares of the home improvement retailer’s stock valued at $10,975,000 after purchasing an additional 38,794 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $273.19 on Friday. Lowe’s Companies, Inc. has a 1 year low of $196.32 and a 1 year high of $287.01. The stock’s 50 day simple moving average is $270.04 and its 200 day simple moving average is $245.85. The firm has a market cap of $154.98 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.29 and a beta of 1.10.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. DA Davidson boosted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. TD Cowen increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Barclays raised their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price objective on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company raised their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $277.92.

Insider Transactions at Lowe’s Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. The trade was a 41.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies 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.