RW Investment Management LLC Has $864,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

RW Investment Management LLC decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,502 shares of the home improvement retailer’s stock after selling 269 shares during the period. RW Investment Management LLC’s holdings in Lowe’s Companies were worth $864,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LOW. IFS Advisors LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at about $27,000. Winch Advisory Services LLC raised its holdings in shares of 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 purchasing an additional 44 shares during the last quarter. JNBA Financial Advisors raised its holdings in shares of 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 purchasing an additional 100 shares during the last quarter. Finally, MFA Wealth Advisors LLC raised its holdings 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 valued at $35,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.7 %

Shares of NYSE:LOW opened at $246.49 on Thursday. The firm has a market capitalization of $139.18 billion, a PE ratio of 20.56, a P/E/G ratio of 2.00 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a 50-day moving average price of $254.11 and a two-hundred day moving average price of $258.65.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred on 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 directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Stifel Nicolaus increased their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. 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 report on Monday, October 28th. DA Davidson increased their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Finally, Truist Financial increased their target price on shares of Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $282.96.

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.