Coldstream Capital Management Inc. Boosts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Coldstream Capital Management Inc. grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.9% in the third quarter, Holdings Channel.com reports. The firm owned 16,418 shares of the home improvement retailer’s stock after acquiring an additional 1,204 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Lowe’s Companies were worth $4,448,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. FMR LLC grew its position in Lowe’s Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares during the period. International Assets Investment Management LLC grew its position in Lowe’s Companies by 1,889.7% in the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock worth $578,256,000 after acquiring an additional 2,027,668 shares during the period. Strategic Financial Concepts LLC grew its position in Lowe’s Companies by 20,275.6% in the second quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer’s stock worth $2,657,000 after acquiring an additional 1,199,100 shares during the period. Applied Finance Capital Management LLC grew its position in Lowe’s Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after acquiring an additional 645,017 shares during the period. Finally, Marshall Wace LLP grew its position in Lowe’s Companies by 170.5% in the second quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer’s stock worth $162,178,000 after acquiring an additional 463,645 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $270.13 on Wednesday. The stock’s 50-day moving average is $271.07 and its two-hundred day moving average is $248.27. The firm has a market cap of $152.53 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.29 and a beta of 1.10. Lowe’s Companies, Inc. has a 1 year low of $205.84 and a 1 year high of $287.01.

Insiders Place Their Bets

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction dated 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 owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.06. This represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,697 shares of company stock valued at $5,214,586. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on LOW. Royal Bank of Canada increased their price objective on Lowe’s Companies from $290.00 to $291.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 20th. Stifel Nicolaus upped their price target on Lowe’s Companies from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Sanford C. Bernstein decreased their price target on Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Mizuho upped their price target on Lowe’s Companies from $280.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Wednesday, August 21st. 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $277.92.

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.