1ST Source Bank Sells 299 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

1ST Source Bank decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,529 shares of the home improvement retailer’s stock after selling 299 shares during the period. 1ST Source Bank’s holdings in Lowe’s Companies were worth $2,852,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Pure Financial Advisors LLC boosted its holdings in Lowe’s Companies by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 1,813 shares of the home improvement retailer’s stock worth $400,000 after purchasing an additional 45 shares during the last quarter. Blue Trust Inc. grew its stake in Lowe’s Companies by 13.8% in the 2nd quarter. Blue Trust Inc. now owns 8,548 shares of the home improvement retailer’s stock worth $1,884,000 after buying an additional 1,039 shares in the last quarter. Gradient Investments LLC grew its holdings in shares of Lowe’s Companies by 13.1% during the 2nd quarter. Gradient Investments LLC now owns 85,363 shares of the home improvement retailer’s stock valued at $18,819,000 after purchasing an additional 9,920 shares during the last quarter. Everpar Advisors LLC grew its holdings in shares of Lowe’s Companies by 1.8% during the 2nd quarter. Everpar Advisors LLC now owns 4,480 shares of the home improvement retailer’s stock valued at $988,000 after purchasing an additional 80 shares during the last quarter. Finally, 1858 Wealth Management LLC grew its holdings in Lowe’s Companies by 9.4% in the 2nd quarter. 1858 Wealth Management LLC now owns 1,163 shares of the home improvement retailer’s stock worth $256,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LOW has been the subject of a number of recent research 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 report on Thursday. Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday. Melius Research started coverage on shares of Lowe’s Companies in a research report on Monday, September 23rd. They set a “buy” rating and a $290.00 price objective on the stock. Finally, DA Davidson upped their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Price Performance

LOW stock traded down $0.11 on Friday, reaching $263.39. 367,037 shares of the company traded hands, compared to its average volume of 2,434,854. The company has a market cap of $148.72 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09. The firm has a fifty day simple moving average of $270.80 and a 200-day simple moving average of $248.90. Lowe’s Companies, Inc. has a one year low of $209.55 and a one year high of $287.01.

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.