ING Groep NV Sells 6,555 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

ING Groep NV reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,708 shares of the home improvement retailer’s stock after selling 6,555 shares during the quarter. ING Groep NV’s holdings in Lowe’s Companies were worth $17,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB boosted its position in shares of Lowe’s Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after acquiring an additional 20,123 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Lowe’s Companies by 75.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock worth $14,352,000 after acquiring an additional 22,812 shares during the last quarter. Elevated Capital Advisors LLC boosted its position in shares of Lowe’s Companies by 3.7% during the third quarter. Elevated Capital Advisors LLC now owns 2,573 shares of the home improvement retailer’s stock worth $697,000 after acquiring an additional 91 shares during the last quarter. MFA Wealth Advisors LLC boosted its position in shares of Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after acquiring an additional 70 shares during the last quarter. Finally, McAdam LLC boosted its position in shares of Lowe’s Companies by 3.6% during the third quarter. McAdam LLC now owns 1,457 shares of the home improvement retailer’s stock worth $395,000 after acquiring an additional 51 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Down 0.0 %

NYSE LOW opened at $246.63 on Friday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company’s 50-day moving average price is $253.77 and its 200-day moving average price is $258.57. The stock has a market cap of $139.26 billion, a PE ratio of 20.57, a PEG ratio of 1.99 and a beta of 1.11.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated 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 directly owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

LOW has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Evercore ISI upped their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. 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. Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Barclays upped their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $282.96.

About Lowe’s Companies

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.