Clearstead Advisors LLC Sells 3,554 Shares of Lowe’s Companies, Inc. $LOW

Clearstead Advisors LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 8.0% in the third quarter, HoldingsChannel reports. The firm owned 40,869 shares of the home improvement retailer’s stock after selling 3,554 shares during the period. Clearstead Advisors LLC’s holdings in Lowe’s Companies were worth $10,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Howard Hughes Medical Institute acquired a new stake in shares of Lowe’s Companies in the second quarter valued at $27,000. Solstein Capital LLC lifted its position in Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares in the last quarter. Activest Wealth Management grew its holdings in Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 51 shares during the last quarter. Traub Capital Management LLC acquired a new stake in Lowe’s Companies in the 2nd quarter valued at about $30,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in shares of Lowe’s Companies by 128.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. TD Cowen increased their price target on shares of Lowe’s Companies from $250.00 to $295.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Wells Fargo & Company reduced their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Stifel Nicolaus lifted their target price on Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, December 1st. DA Davidson dropped their target price on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Finally, Morgan Stanley raised their price target on Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $289.59.

Get Our Latest Analysis on LOW

Key Stories Impacting Lowe’s Companies

Here are the key news stories impacting Lowe’s Companies this week:

Lowe’s Companies Stock Down 2.2%

LOW stock opened at $274.30 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $293.06. The company has a market cap of $153.87 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 4.37 and a beta of 0.97. The business’s fifty day moving average is $265.13 and its 200-day moving average is $253.91.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Profile

(Free Report)

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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