Klingman & Associates LLC Buys 45 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Klingman & Associates LLC grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,710 shares of the home improvement retailer’s stock after acquiring an additional 45 shares during the quarter. Klingman & Associates LLC’s holdings in Lowe’s Companies were worth $422,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LOW. AMF Tjanstepension AB increased its holdings 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 worth $43,290,000 after buying an additional 20,123 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Lowe’s Companies by 75.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock valued at $14,352,000 after acquiring an additional 22,812 shares during the last quarter. Castleview Partners LLC boosted its holdings in shares of Lowe’s Companies by 23.7% during the 3rd quarter. Castleview Partners LLC now owns 605 shares of the home improvement retailer’s stock valued at $164,000 after acquiring an additional 116 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Lowe’s Companies during the third quarter valued at approximately $62,000. Finally, Foundations Investment Advisors LLC raised its holdings in shares of Lowe’s Companies by 307.0% during the third quarter. Foundations Investment Advisors LLC now owns 26,482 shares of the home improvement retailer’s stock valued at $7,173,000 after purchasing an additional 19,976 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Down 0.4 %

NYSE:LOW opened at $250.73 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The stock has a 50-day moving average price of $254.54 and a 200 day moving average price of $258.73. The stock has a market capitalization of $141.58 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.00 and a beta of 1.11.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LOW shares. Guggenheim reaffirmed a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Stifel Nicolaus lifted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Royal Bank of Canada upped their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Evercore ISI increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Finally, 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 report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $282.96.

About Lowe’s Companies

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.