L.M. Kohn & Company Decreases Stake in Lowe’s Companies, Inc. (NYSE:LOW)

L.M. Kohn & Company reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 17.3% during the third quarter, HoldingsChannel reports. The firm owned 4,691 shares of the home improvement retailer’s stock after selling 980 shares during the period. L.M. Kohn & Company’s holdings in Lowe’s Companies were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of LOW. Stephens Consulting LLC grew its stake in shares of Lowe’s Companies by 93.3% in the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the period. JNBA Financial Advisors grew its position in Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC raised its stake in Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the last quarter. Kimelman & Baird LLC bought a new position in shares of Lowe’s Companies during the 2nd quarter valued at $37,000. Finally, Tsfg LLC grew its holdings in shares of Lowe’s Companies by 128.2% in the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies 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 sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. The trade was a 30.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,697 shares of company stock valued at $5,214,586 in the last 90 days. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

LOW opened at $272.43 on Friday. The stock has a market capitalization of $154.55 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.29 and a beta of 1.10. The company has a fifty day moving average of $270.29 and a 200 day moving average of $246.13. Lowe’s Companies, Inc. has a fifty-two week low of $196.32 and a fifty-two week high of $287.01.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LOW shares. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Tuesday, November 19th. Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $250.00 to $260.00 and gave the company a “hold” rating in a report on Monday, November 11th. Truist Financial lifted their price target on shares of Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Gordon Haskett cut their price objective on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research report 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. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.92.

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.