Security National Trust Co. lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,179 shares of the home improvement retailer’s stock after selling 260 shares during the period. Security National Trust Co.’s holdings in Lowe’s Companies were worth $1,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its stake in Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after acquiring an additional 5 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Lowe’s Companies in the first quarter valued at $103,000. Hanson McClain Inc. boosted its stake in Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after acquiring an additional 45 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Lowe’s Companies by 8.3% in the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Lowe’s Companies in the first quarter valued at $119,000. Institutional investors own 74.22% of the company’s stock.

Several research firms have issued reports on LOW. Deutsche Bank AG restated a “buy” rating and issued a $90.00 price objective (up previously from $85.00) on shares of Lowe’s Companies in a research note on Friday. Gordon Haskett assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 target price for the company. Piper Jaffray Companies reiterated a “hold” rating and set a $80.00 target price on shares of Lowe’s Companies in a research note on Friday, September 29th. Jefferies Group LLC reiterated a “hold” rating and set a $75.00 target price on shares of Lowe’s Companies in a research note on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. Lowe’s Companies has an average rating of “Hold” and an average target price of $85.32.

COPYRIGHT VIOLATION NOTICE: This news story was published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/lowes-companies-inc-low-shares-sold-by-security-national-trust-co/1620807.html.

Lowe’s Companies, Inc. (NYSE LOW) opened at 81.74 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The company’s 50-day moving average is $77.55 and its 200 day moving average is $79.39. The stock has a market capitalization of $68.07 billion, a PE ratio of 23.21 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share. On average, analysts predict that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.