New York State Common Retirement Fund Sells 6,300 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

New York State Common Retirement Fund cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 791,489 shares of the home improvement retailer’s stock after selling 6,300 shares during the quarter. New York State Common Retirement Fund’s holdings in Lowe’s Companies were worth $195,339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AMF Tjanstepension AB lifted its position in shares of 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 purchasing an additional 20,123 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Lowe’s Companies by 75.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock valued at $14,352,000 after buying an additional 22,812 shares during the last quarter. Castleview Partners LLC lifted its position in Lowe’s Companies by 23.7% during the 3rd quarter. Castleview Partners LLC now owns 605 shares of the home improvement retailer’s stock worth $164,000 after buying an additional 116 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth about $62,000. Finally, Foundations Investment Advisors LLC grew its holdings in shares of Lowe’s Companies by 307.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 26,482 shares of the home improvement retailer’s stock valued at $7,173,000 after acquiring an additional 19,976 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOW. Wells Fargo & Company upped their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Evercore ISI increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. TD Cowen boosted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies Stock Down 0.4 %

Shares of Lowe’s Companies stock opened at $250.73 on Wednesday. The stock has a market capitalization of $141.58 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a 50-day simple moving average of $254.54 and a two-hundred day simple moving average of $258.73.

Insider Transactions at Lowe’s Companies

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 completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.