Kirtland Hills Capital Management LLC Grows Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Kirtland Hills Capital Management LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,469 shares of the home improvement retailer’s stock after acquiring an additional 57 shares during the quarter. Lowe’s Companies makes up approximately 1.5% of Kirtland Hills Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Kirtland Hills Capital Management LLC’s holdings in Lowe’s Companies were worth $2,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB grew its stake in shares of Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after buying an additional 20,123 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Lowe’s Companies by 5.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,604 shares of the home improvement retailer’s stock valued at $2,060,000 after acquiring an additional 389 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Lowe’s Companies by 2.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 217,811 shares of the home improvement retailer’s stock valued at $58,994,000 after acquiring an additional 4,308 shares during the last quarter. Hunter Associates Investment Management LLC bought a new stake in shares of Lowe’s Companies in the third quarter worth approximately $241,000. Finally, SFE Investment Counsel raised its holdings in shares of Lowe’s Companies by 1.0% during the third quarter. SFE Investment Counsel now owns 49,018 shares of the home improvement retailer’s stock valued at $13,277,000 after purchasing an additional 507 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Up 2.2 %

NYSE LOW opened at $242.33 on Wednesday. The stock’s 50 day moving average is $252.53 and its 200 day moving average is $258.94. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a market cap of $136.83 billion, a PE ratio of 20.21, a P/E/G ratio of 1.96 and a beta of 1.11.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LOW. DA Davidson raised their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Royal Bank of Canada raised their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Mizuho raised their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Stifel Nicolaus raised their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $282.96.

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.