Beese Fulmer Investment Management Inc. Has $9.93 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Beese Fulmer Investment Management Inc. lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,246 shares of the home improvement retailer’s stock after selling 131 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Lowe’s Companies were worth $9,933,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LOW. IFS Advisors LLC bought a new position in Lowe’s Companies during the 4th quarter worth $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth $27,000. Winch Advisory Services LLC raised its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares in the last quarter. JNBA Financial Advisors raised its stake in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC lifted its position in Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares during the period. 74.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $256.08 on Friday. The company’s 50 day moving average price is $257.99 and its 200-day moving average price is $257.71. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a market capitalization of $144.59 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.18 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.80%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LOW. Mizuho boosted their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Royal Bank of Canada raised their target price on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Bank of America raised their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Evercore ISI boosted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

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.