FineMark National Bank & Trust Has $10.97 Million Holdings in Lowe’s Companies, Inc. $LOW

FineMark National Bank & Trust lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 49,453 shares of the home improvement retailer’s stock after selling 762 shares during the period. FineMark National Bank & Trust’s holdings in Lowe’s Companies were worth $10,972,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Solstein Capital LLC lifted its holdings in Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Traub Capital Management LLC bought a new position in shares of Lowe’s Companies in the second quarter valued at approximately $30,000. Olistico Wealth LLC bought a new position in shares of Lowe’s Companies in the second quarter valued at approximately $33,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 101.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after buying an additional 97 shares during the last quarter. Finally, Vista Cima Wealth Management LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter worth $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 52,931 shares of company stock worth $14,381,752. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Performance

NYSE LOW opened at $219.65 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The stock has a market cap of $123.19 billion, a PE ratio of 18.05, a PEG ratio of 2.21 and a beta of 0.87. The firm has a 50-day simple moving average of $245.71 and a 200 day simple moving average of $237.46.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the prior year, the firm posted $4.10 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.2%. Lowe’s Companies’s payout ratio is currently 39.44%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Robert W. Baird lifted their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Stifel Nicolaus cut their price objective on Lowe’s Companies from $275.00 to $230.00 and set a “hold” rating for the company in a research report on Friday, November 14th. Finally, Barclays set a $267.00 target price on Lowe’s Companies in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $278.91.

Lowe’s Companies Company 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.