Rhumbline Advisers Sells 13,559 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Rhumbline Advisers reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,129,112 shares of the home improvement retailer’s stock after selling 13,559 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Lowe’s Companies worth $278,665,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the third quarter valued at $27,000. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $25,000. JNBA Financial Advisors boosted its position 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 valued at $32,000 after purchasing an additional 100 shares in the last quarter. Winch Advisory Services LLC grew its stake in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares during the period. Finally, MFA Wealth Advisors LLC increased its holdings in Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Mizuho increased their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada raised their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Sanford C. Bernstein raised their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Down 0.3 %

Lowe’s Companies stock opened at $251.88 on Friday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company’s 50 day moving average price is $255.80 and its two-hundred day moving average price is $258.29. The stock has a market cap of $142.23 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.04 and a beta of 1.11.

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.