Lowe’s Companies, Inc. (NYSE:LOW) Stake Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 158.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,851 shares of the home improvement retailer’s stock after buying an additional 96,759 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Lowe’s Companies were worth $25,337,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LOW. Tortoise Investment Management LLC raised its position in Lowe’s Companies by 208.0% in the 4th quarter. Tortoise Investment Management LLC now owns 154 shares of the home improvement retailer’s stock worth $25,000 after purchasing an additional 104 shares during the last quarter. RWM Asset Management LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth $26,000. HighMark Wealth Management LLC grew its holdings in Lowe’s Companies by 272.1% during the 3rd quarter. HighMark Wealth Management LLC now owns 160 shares of the home improvement retailer’s stock worth $28,000 after acquiring an additional 117 shares during the period. DB Wealth Management Group LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth $31,000. Finally, Danda Trouve Investment Management Inc. grew its holdings in Lowe’s Companies by 73.9% during the 3rd quarter. Danda Trouve Investment Management Inc. now owns 200 shares of the home improvement retailer’s stock worth $33,000 after acquiring an additional 85 shares during the period. 76.11% of the stock is currently owned by institutional investors.

LOW traded down $5.28 during trading on Tuesday, reaching $167.13. 106,332 shares of the company traded hands, compared to its average volume of 3,671,564. The company has a debt-to-equity ratio of 5.20, a quick ratio of 0.57 and a current ratio of 1.38. Lowe’s Companies, Inc. has a 12-month low of $60.00 and a 12-month high of $180.67. The firm has a fifty day simple moving average of $171.38 and a 200 day simple moving average of $164.04. The company has a market cap of $122.46 billion, a P/E ratio of 24.39, a PEG ratio of 1.18 and a beta of 1.37.

Several equities research analysts recently commented on the stock. Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to an “accumulate” rating and set a $181.00 price objective on the stock. in a research report on Thursday, November 12th. FIG Partners upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a report on Tuesday, December 8th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on shares of Lowe’s Companies from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, December 4th. Wells Fargo & Company lifted their price objective on shares of Lowe’s Companies from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, February 18th. Finally, Jefferies Financial Group lifted their price objective on shares of Lowe’s Companies from $202.00 to $207.00 and gave the company a “buy” rating in a report on Thursday, December 10th. Five investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $172.42.

About Lowe’s Companies

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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