M&T Bank Corp Has $90.88 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

M&T Bank Corp reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 335,532 shares of the home improvement retailer’s stock after selling 11,959 shares during the quarter. M&T Bank Corp’s holdings in Lowe’s Companies were worth $90,879,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Cooper Financial Group boosted its stake in Lowe’s Companies by 13.3% in the second quarter. Cooper Financial Group now owns 1,448 shares of the home improvement retailer’s stock valued at $319,000 after buying an additional 170 shares in the last quarter. Maia Wealth LLC acquired a new stake in Lowe’s Companies in the second quarter valued at about $487,000. ORG Partners LLC boosted its stake in Lowe’s Companies by 221.5% in the second quarter. ORG Partners LLC now owns 3,536 shares of the home improvement retailer’s stock valued at $757,000 after buying an additional 2,436 shares in the last quarter. Addenda Capital Inc. boosted its stake in Lowe’s Companies by 8.6% in the second quarter. Addenda Capital Inc. now owns 35,805 shares of the home improvement retailer’s stock valued at $7,894,000 after buying an additional 2,844 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC boosted its stake in Lowe’s Companies by 2.4% in the second quarter. Key Client Fiduciary Advisors LLC now owns 2,451 shares of the home improvement retailer’s stock valued at $540,000 after buying an additional 58 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on 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 represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a 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 value of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,697 shares of company stock valued at $5,214,586 over the last ninety days. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LOW shares. Wells Fargo & Company lifted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Truist Financial lifted their price target on Lowe’s Companies from $307.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Tuesday, November 19th. TD Cowen lifted their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, DA Davidson lifted their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.92.

Lowe’s Companies Stock Up 0.3 %

Shares of NYSE:LOW opened at $274.15 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $205.84 and a twelve month high of $287.01. The stock’s 50 day moving average is $271.07 and its 200-day moving average is $248.27. The firm has a market capitalization of $154.80 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.29 and a beta of 1.10.

Lowe’s Companies Company 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.