Dean Investment Associates LLC Has $1.12 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Dean Investment Associates LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,148 shares of the home improvement retailer’s stock after selling 343 shares during the quarter. Dean Investment Associates LLC’s holdings in Lowe’s Companies were worth $1,123,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LOW. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at $27,000. Stephens Consulting LLC increased its position in shares of Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 70 shares in the last quarter. JNBA Financial Advisors increased its position in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. MFA Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 118.6% in 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 in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in shares of Lowe’s Companies in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW 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 capitalization of $154.39 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The company has a 50-day simple moving average of $271.01 and a 200 day simple moving average of $247.87.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Lowe’s Companies from $290.00 to $291.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 20th. TD Cowen upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Truist Financial upped their price objective on shares of Lowe’s Companies from $307.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Loop Capital upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and upped their price objective for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. Finally, Bank of America increased their target price on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $277.92.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was 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 owns 9,383 shares of the company’s stock, 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. In the last ninety days, insiders sold 19,697 shares of company stock worth $5,214,586. Insiders own 0.26% of the company’s stock.

Lowe’s Companies 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.