Fidelity D & D Bancorp Inc. Boosts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Fidelity D & D Bancorp Inc. boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,240 shares of the home improvement retailer’s stock after buying an additional 271 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in Lowe’s Companies were worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. StoneX Group Inc. purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth about $2,713,000. HM Payson & Co. lifted its position in Lowe’s Companies by 1.1% in the 3rd quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock valued at $58,409,000 after acquiring an additional 2,322 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth $16,143,000. Daymark Wealth Partners LLC increased its holdings in shares of 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 purchasing an additional 2,889 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new position in Lowe’s Companies in the 3rd quarter worth about $5,976,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the 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 transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 16,703 shares in the company, 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 company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Melius Research assumed coverage on Lowe’s Companies in a report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price on the stock. Truist Financial dropped their price target on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company lifted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and upped their target price for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Finally, Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded up $0.90 during mid-day trading on Friday, reaching $264.40. The company’s stock had a trading volume of 105,121 shares, compared to its average volume of 2,434,102. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01. The stock has a market capitalization of $149.29 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.25 and a beta of 1.09. The stock has a 50-day moving average of $270.80 and a two-hundred day moving average of $248.90.

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.