Rockefeller Capital Management L.P. Sells 41,512 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Rockefeller Capital Management L.P. reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,546 shares of the home improvement retailer’s stock after selling 41,512 shares during the quarter. Rockefeller Capital Management L.P. owned 0.06% of Lowe’s Companies worth $86,809,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Providence Wealth Advisors LLC raised its position in Lowe’s Companies by 1.9% in the 3rd quarter. Providence Wealth Advisors LLC now owns 7,355 shares of the home improvement retailer’s stock valued at $1,994,000 after buying an additional 135 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of Lowe’s Companies by 0.8% in the third quarter. Isthmus Partners LLC now owns 47,932 shares of the home improvement retailer’s stock valued at $12,982,000 after purchasing an additional 382 shares during the last quarter. Vinva Investment Management Ltd lifted its position in shares of Lowe’s Companies by 2.3% in the third quarter. Vinva Investment Management Ltd now owns 6,059 shares of the home improvement retailer’s stock worth $1,619,000 after purchasing an additional 134 shares in the last quarter. Noesis Capital Mangement Corp boosted its holdings in Lowe’s Companies by 2.7% during the third quarter. Noesis Capital Mangement Corp now owns 62,843 shares of the home improvement retailer’s stock worth $17,021,000 after purchasing an additional 1,647 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Lowe’s Companies by 11.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 532,194 shares of the home improvement retailer’s stock valued at $144,145,000 after buying an additional 53,340 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LOW shares. Wells Fargo & Company increased their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Wednesday, August 21st. Barclays upped their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein lowered their target price on shares of Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Finally, DA Davidson increased their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $277.92.

Lowe’s Companies Trading Down 0.5 %

Shares of LOW opened at $273.19 on Friday. The stock’s 50-day moving average price is $270.04 and its two-hundred day moving average price is $245.85. Lowe’s Companies, Inc. has a 12 month low of $196.32 and a 12 month high of $287.01. The company has a market capitalization of $154.98 billion, a PE ratio of 22.78, a PEG ratio of 2.29 and a beta of 1.10.

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.