FourThought Financial Partners LLC Has $15.03 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

FourThought Financial Partners LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 60,902 shares of the home improvement retailer’s stock after selling 87 shares during the quarter. Lowe’s Companies accounts for 1.6% of FourThought Financial Partners LLC’s holdings, making the stock its 15th biggest position. FourThought Financial Partners LLC’s holdings in Lowe’s Companies were worth $15,031,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. AMF Tjanstepension AB boosted its holdings in shares of Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after buying an additional 20,123 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of Lowe’s Companies by 4.7% in the third quarter. GHP Investment Advisors Inc. now owns 1,062 shares of the home improvement retailer’s stock worth $288,000 after purchasing an additional 48 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Lowe’s Companies by 5.4% in the third quarter. J.W. Cole Advisors Inc. now owns 7,604 shares of the home improvement retailer’s stock worth $2,060,000 after purchasing an additional 389 shares in the last quarter. First Financial Bankshares Inc lifted its position in shares of Lowe’s Companies by 1.1% in the third quarter. First Financial Bankshares Inc now owns 115,864 shares of the home improvement retailer’s stock worth $31,382,000 after purchasing an additional 1,316 shares in the last quarter. Finally, Marmo Financial Group LLC bought a new stake in shares of Lowe’s Companies in the third quarter worth $237,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LOW. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Evercore ISI upped their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Finally, DA Davidson upped their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Stock Down 1.1 %

Shares of Lowe’s Companies stock opened at $236.66 on Tuesday. The company has a market capitalization of $133.63 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm’s 50-day moving average price is $252.84 and its two-hundred day moving average price is $258.90.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated Wednesday, November 27th. The shares were 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 directly owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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.