Geller Advisors LLC Grows Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Geller Advisors LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,416 shares of the home improvement retailer’s stock after buying an additional 86 shares during the quarter. Geller Advisors LLC’s holdings in Lowe’s Companies were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. FMR LLC increased its stake in 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 acquiring an additional 2,399,897 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Lowe’s Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock worth $578,256,000 after acquiring an additional 2,027,668 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in shares of Lowe’s Companies by 20,275.6% during the second quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer’s stock valued at $2,657,000 after buying an additional 1,199,100 shares during the period. Applied Finance Capital Management LLC boosted its holdings in Lowe’s Companies by 387.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock valued at $219,761,000 after acquiring an additional 645,017 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Lowe’s Companies by 170.5% during the second quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer’s stock worth $162,178,000 after acquiring an additional 463,645 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent research reports. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Mizuho raised their price target on shares of Lowe’s Companies from $280.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein decreased their price objective on Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. UBS Group increased their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Royal Bank of Canada increased their target price on shares of Lowe’s Companies from $290.00 to $291.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $277.92.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction on 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 transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s 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 sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,697 shares of company stock worth $5,214,586 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

Lowe’s Companies Trading Up 1.2 %

NYSE:LOW opened at $273.43 on Monday. The firm has a 50-day moving average price of $271.01 and a two-hundred day moving average price of $247.87. Lowe’s Companies, Inc. has a twelve month low of $205.84 and a twelve month high of $287.01. The company has a market capitalization of $154.39 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.

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.