Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 53.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 136,193 shares of the home improvement retailer’s stock after selling 154,613 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lowe’s Companies were worth $36,888,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Stephens Consulting LLC raised its holdings in shares of Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the last quarter. JNBA Financial Advisors grew its stake in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC increased its holdings in shares of Lowe’s Companies by 118.6% during the 3rd 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 in the last quarter. Kimelman & Baird LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $37,000. Finally, Tsfg LLC grew its position in Lowe’s Companies by 128.2% during the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock valued at $48,000 after buying an additional 100 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 0.5 %

Shares of LOW opened at $273.19 on Friday. Lowe’s Companies, Inc. has a 52-week low of $196.32 and a 52-week high of $287.01. The stock has a 50 day moving average price of $270.04 and a 200 day moving average price of $245.85. The company has a market capitalization of $154.98 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.

Insider Activity at Lowe’s Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This represents a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Sanford C. Bernstein cut their price target on Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Mizuho increased their price objective on Lowe’s Companies from $280.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $277.92.

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.