Lowe’s Companies, Inc. (NYSE:LOW) Position Boosted by Indie Asset Partners LLC


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Indie Asset Partners LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,501 shares of the home improvement retailer’s stock after purchasing an additional 107 shares during the period. Indie Asset Partners LLC’s holdings in Lowe’s Companies were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. FMR LLC lifted its position in shares of Lowe’s Companies by 10.7% in the fourth quarter. FMR LLC now owns 30,352,415 shares of the home improvement retailer’s stock worth $4,871,866,000 after purchasing an additional 2,940,777 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Lowe’s Companies by 21.7% in the third quarter. UBS Asset Management Americas Inc. now owns 5,382,572 shares of the home improvement retailer’s stock worth $892,753,000 after acquiring an additional 958,338 shares during the last quarter. Morgan Stanley grew its stake in shares of Lowe’s Companies by 15.5% in the third quarter. Morgan Stanley now owns 5,036,135 shares of the home improvement retailer’s stock worth $835,293,000 after acquiring an additional 677,510 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Lowe’s Companies by 96.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,886,003 shares of the home improvement retailer’s stock worth $810,393,000 after buying an additional 2,396,294 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Lowe’s Companies by 21.9% during the third quarter. AQR Capital Management LLC now owns 2,381,054 shares of the home improvement retailer’s stock worth $391,992,000 after buying an additional 427,064 shares in the last quarter. Institutional investors own 76.11% of the company’s stock.

LOW traded down $6.14 during trading hours on Tuesday, reaching $166.27. The company’s stock had a trading volume of 198,399 shares, compared to its average volume of 3,671,564. Lowe’s Companies, Inc. has a 52 week low of $60.00 and a 52 week high of $180.67. The company’s 50-day moving average is $171.38 and its 200-day moving average is $164.04. The company has a debt-to-equity ratio of 5.20, a quick ratio of 0.57 and a current ratio of 1.38. The firm has a market cap of $121.83 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37.

A number of research analysts have issued reports on the company. Truist reissued a “buy” rating and set a $178.00 price objective on shares of Lowe’s Companies in a report on Friday, November 20th. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, February 18th. Jefferies Financial Group boosted their price objective on Lowe’s Companies from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Thursday, December 10th. Zacks Investment Research lowered Lowe’s Companies from a “buy” rating to a “hold” rating and set a $166.00 target price for the company. in a research report on Thursday, November 12th. Finally, Morgan Stanley boosted their target price on Lowe’s Companies from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, December 4th. Five investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Lowe’s Companies currently has a consensus rating of “Buy” and a consensus target price of $172.42.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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