Tompkins Financial Corp Decreases Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Tompkins Financial Corp decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 17.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,619 shares of the home improvement retailer’s stock after selling 955 shares during the quarter. Tompkins Financial Corp’s holdings in Lowe’s Companies were worth $1,043,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LOW. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Lowe’s Companies by 357.1% in the first quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Tanglewood Legacy Advisors LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. purchased a new position in Lowe’s Companies in the 4th quarter valued at approximately $32,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Lowe’s Companies during the fourth quarter worth $35,000. Institutional investors and hedge funds own 71.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LOW. The Goldman Sachs Group decreased their price objective on shares of Lowe’s Companies from $260.00 to $252.00 and set a “buy” rating on the stock in a research report on Tuesday, August 22nd. Sanford C. Bernstein upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $252.00 to $282.00 in a research report on Tuesday, September 5th. Argus raised their price objective on shares of Lowe’s Companies from $250.00 to $260.00 in a research note on Wednesday, July 12th. UBS Group upped their target price on Lowe’s Companies from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, Wells Fargo & Company raised their price target on Lowe’s Companies from $245.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $237.48.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded down $2.12 during trading on Tuesday, hitting $215.60. The company’s stock had a trading volume of 794,320 shares, compared to its average volume of 2,821,843. The company has a market capitalization of $124.42 billion, a PE ratio of 21.43, a PEG ratio of 1.43 and a beta of 1.09. Lowe’s Companies, Inc. has a fifty-two week low of $176.50 and a fifty-two week high of $237.21. The stock’s 50-day moving average price is $227.93 and its two-hundred day moving average price is $213.68.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.07. Lowe’s Companies had a negative return on equity of 58.56% and a net margin of 6.48%. The company had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.97 billion. During the same period in the prior year, the company posted $4.67 EPS. Lowe’s Companies’s quarterly revenue was down 9.2% on a year-over-year basis. On average, equities analysts predict that Lowe’s Companies, Inc. will post 13.45 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is currently 43.31%.

Insider Activity

In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of Lowe’s Companies stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $222.53, for a total value of $1,001,385.00. Following the completion of the transaction, the executive vice president now directly owns 46,594 shares in the company, valued at $10,368,562.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the transaction, the executive vice president now directly owns 46,594 shares in the company, valued at $10,368,562.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Janice Dupre sold 5,380 shares of Lowe’s Companies stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $231.28, for a total transaction of $1,244,286.40. Following the completion of the transaction, the executive vice president now directly owns 24,216 shares of the company’s stock, valued at approximately $5,600,676.48. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

About Lowe’s Companies

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.