O Brien Greene & Co. Inc Trims Stake in Lowe’s Companies, Inc. (NYSE:LOW)

O Brien Greene & Co. Inc cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 19.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,854 shares of the home improvement retailer’s stock after selling 690 shares during the period. O Brien Greene & Co. Inc’s holdings in Lowe’s Companies were worth $773,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LOW. StoneX Group Inc. bought a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $2,713,000. HM Payson & Co. lifted its position in Lowe’s Companies by 1.1% during the third quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock valued at $58,409,000 after buying an additional 2,322 shares during the period. Weiss Asset Management LP bought a new stake in shares of Lowe’s Companies during the 3rd quarter valued at $16,143,000. Daymark Wealth Partners LLC grew its position in shares of Lowe’s Companies by 12.7% in the 2nd quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer’s stock worth $5,637,000 after buying an additional 2,889 shares during the period. Finally, AMF Tjanstepension AB increased its stake in shares of Lowe’s Companies by 14.4% in the 3rd 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 in the last quarter. 74.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent research reports. Mizuho upped their price objective on shares of Lowe’s Companies from $280.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Royal Bank of Canada upped their price target on 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. Melius Research started coverage on Lowe’s Companies in a report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price on the stock. Sanford C. Bernstein reduced their price target 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. Finally, Gordon Haskett dropped their price target on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Ten research 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 has an average rating of “Moderate Buy” and a consensus target price of $277.92.

Lowe’s Companies Stock Up 1.2 %

Lowe’s Companies stock opened at $273.43 on Monday. Lowe’s Companies, Inc. has a 52-week low of $205.84 and a 52-week high of $287.01. The company has a market cap of $154.39 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.29 and a beta of 1.10. The business has a 50-day simple moving average of $271.01 and a two-hundred day simple moving average of $247.87.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred 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 directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,697 shares of company stock valued at $5,214,586 in the last 90 days. Company insiders own 0.26% of the company’s stock.

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.