Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,105 shares of the home improvement retailer’s stock after selling 7,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Lowe’s Companies were worth $23,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Lowe’s Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after buying an additional 2,399,897 shares during the last quarter. State Street Corp grew its stake in shares of Lowe’s Companies by 1.9% in the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after buying an additional 460,851 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Lowe’s Companies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer’s stock worth $3,169,041,000 after buying an additional 187,473 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Lowe’s Companies by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer’s stock worth $912,508,000 after buying an additional 39,953 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of Lowe’s Companies by 1.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer’s stock worth $634,700,000 after buying an additional 36,054 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $238.93 on Friday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock’s fifty day moving average is $253.31 and its 200 day moving average is $258.70. The stock has a market cap of $134.91 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.96 and a beta of 1.11.

Analyst Ratings Changes

Several research firms recently weighed in on LOW. Truist Financial upped their price target on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Mizuho increased their target price on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Wells Fargo & Company increased their target price 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. Finally, Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $282.96.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by insiders.

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.