Old North State Trust LLC Purchases 153 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Old North State Trust LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,225 shares of the home improvement retailer’s stock after acquiring an additional 153 shares during the period. Old North State Trust LLC’s holdings in Lowe’s Companies were worth $332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies in the third quarter worth about $27,000. Stephens Consulting LLC increased its holdings 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 valued at $32,000 after purchasing an additional 70 shares in the last quarter. JNBA Financial Advisors raised 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 last quarter. MFA Wealth Advisors LLC lifted its holdings 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 worth $35,000 after buying an additional 70 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in Lowe’s Companies during the 2nd quarter worth $37,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated 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 directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW opened at $263.50 on Friday. Lowe’s Companies, Inc. has a one year low of $206.08 and a one year high of $287.01. The company has a market cap of $148.79 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.25 and a beta of 1.09. The firm has a 50 day simple moving average of $270.80 and a two-hundred day simple moving average of $248.90.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Melius Research initiated coverage on Lowe’s Companies in a research report on Monday, September 23rd. They set a “buy” rating and a $290.00 target price for the company. Truist Financial cut their target price on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Finally, Gordon Haskett decreased 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 report on Wednesday, August 21st. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

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.