L.M. Kohn & Company Sells 980 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

L.M. Kohn & Company decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 17.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LOW. StoneX Group Inc. bought a new stake in Lowe’s Companies during the third quarter worth about $2,713,000. HM Payson & Co. raised its holdings in shares of Lowe’s Companies by 1.1% during the 3rd 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 in the last quarter. Daymark Wealth Partners LLC lifted its position in 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 last quarter. AMF Tjanstepension AB boosted its stake in Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after buying an additional 20,123 shares in the last quarter. Finally, Claro Advisors LLC grew its position in Lowe’s Companies by 2,246.3% during the third quarter. Claro Advisors LLC now owns 40,521 shares of the home improvement retailer’s stock valued at $10,975,000 after acquiring an additional 38,794 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now owns 13,214 shares in the company, valued at $3,586,940.30. The trade was a 30.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,697 shares of company stock worth $5,214,586 in the last three months. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Trading Down 0.3 %

LOW opened at $272.43 on Friday. Lowe’s Companies, Inc. has a 12-month low of $196.32 and a 12-month high of $287.01. The company has a market cap of $154.55 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The stock has a fifty day simple moving average of $270.29 and a two-hundred day simple moving average of $246.13.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LOW. Sanford C. Bernstein lowered their price objective on shares of Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Gordon Haskett reduced their price objective on 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Tuesday, November 19th. Finally, Mizuho increased their target price on Lowe’s Companies from $280.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price 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.