Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 982,501 shares of the home improvement retailer’s stock after selling 87,867 shares during the quarter. Principal Financial Group Inc.’s holdings in Lowe’s Companies were worth $157,701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC lifted its stake in shares of Lowe’s Companies by 208.0% in the fourth quarter. Tortoise Investment Management LLC now owns 154 shares of the home improvement retailer’s stock worth $25,000 after buying an additional 104 shares in the last quarter. RWM Asset Management LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter worth about $26,000. HighMark Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 272.1% in the third quarter. HighMark Wealth Management LLC now owns 160 shares of the home improvement retailer’s stock worth $28,000 after buying an additional 117 shares in the last quarter. DB Wealth Management Group LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter worth about $31,000. Finally, Danda Trouve Investment Management Inc. raised its stake in Lowe’s Companies by 73.9% during the third quarter. Danda Trouve Investment Management Inc. now owns 200 shares of the home improvement retailer’s stock worth $33,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 76.11% of the company’s stock.

LOW has been the topic of a number of analyst reports. Zelman & Associates raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, February 12th. Morgan Stanley lifted their target price on shares of Lowe’s Companies from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, December 4th. Jefferies Financial Group boosted their price target on shares of Lowe’s Companies from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Thursday, December 10th. Truist reissued a “buy” rating and issued a $178.00 price target on shares of Lowe’s Companies in a research note on Friday, November 20th. Finally, Telsey Advisory Group boosted their price target on shares of Lowe’s Companies from $190.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, December 10th. Five analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $172.42.

NYSE LOW opened at $172.41 on Tuesday. Lowe’s Companies, Inc. has a one year low of $60.00 and a one year high of $180.67. The company’s 50 day moving average price is $171.38 and its 200 day moving average price 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 capitalization of $126.33 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.18 and a beta of 1.37.

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.

Further Reading: What is Cost of Goods Sold (COGS)?

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

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