Zullo Investment Group Inc. Increases Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Zullo Investment Group Inc. grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,493 shares of the home improvement retailer’s stock after purchasing an additional 74 shares during the period. Zullo Investment Group Inc.’s holdings in Lowe’s Companies were worth $1,109,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Financial Mangement LLC boosted its stake in shares of Lowe’s Companies by 3.4% during the 4th quarter. Boston Financial Mangement LLC now owns 5,985 shares of the home improvement retailer’s stock worth $1,477,000 after acquiring an additional 194 shares in the last quarter. First Bank & Trust boosted its position in Lowe’s Companies by 8.8% during the fourth quarter. First Bank & Trust now owns 1,565 shares of the home improvement retailer’s stock worth $386,000 after purchasing an additional 126 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Lowe’s Companies by 10.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 30,321 shares of the home improvement retailer’s stock valued at $7,483,000 after purchasing an additional 2,943 shares during the period. Advyzon Investment Management LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $288,000. Finally, Handelsbanken Fonder AB raised its stake in shares of Lowe’s Companies by 4.2% during the 4th quarter. Handelsbanken Fonder AB now owns 181,725 shares of the home improvement retailer’s stock worth $44,850,000 after buying an additional 7,407 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research analyst reports. Mizuho lifted their price target on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. DA Davidson raised their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Stock Down 1.7 %

Shares of NYSE:LOW opened at $246.49 on Thursday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The firm’s 50 day moving average price is $254.11 and its 200 day moving average price is $258.65. The stock has a market cap of $139.18 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.00 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.