Parkside Financial Bank & Trust Has $2 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Parkside Financial Bank & Trust grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% in the fourth quarter, HoldingsChannel reports. The fund owned 8,991 shares of the home improvement retailer’s stock after acquiring an additional 460 shares during the period. Parkside Financial Bank & Trust’s holdings in Lowe’s Companies were worth $2,001,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Orion Capital Management LLC bought a new position in Lowe’s Companies in the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC raised its holdings in Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $47,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded down $2.92 during trading on Wednesday, hitting $230.64. 213,878 shares of the company were exchanged, compared to its average volume of 2,503,617. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The company has a fifty day moving average price of $239.82 and a 200-day moving average price of $219.35. The firm has a market capitalization of $131.97 billion, a PE ratio of 17.76, a P/E/G ratio of 1.71 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the previous year, the firm earned $2.28 EPS. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. Research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 33.43%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Gordon Haskett restated a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Barclays boosted their price target on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, UBS Group upped their price objective on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and an average price target of $252.52.

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.