Lowe’s Companies, Inc. $LOW Shares Purchased by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 158.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,953 shares of the home improvement retailer’s stock after acquiring an additional 2,425 shares during the period. Trifecta Capital Advisors LLC’s holdings in Lowe’s Companies were worth $877,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vontobel Holding Ltd. grew its holdings in Lowe’s Companies by 0.3% during the second quarter. Vontobel Holding Ltd. now owns 222,065 shares of the home improvement retailer’s stock worth $49,270,000 after acquiring an additional 687 shares during the period. AMI Investment Management Inc. grew its holdings in Lowe’s Companies by 1.3% during the second quarter. AMI Investment Management Inc. now owns 22,469 shares of the home improvement retailer’s stock worth $4,985,000 after acquiring an additional 297 shares during the period. Maryland State Retirement & Pension System grew its holdings in Lowe’s Companies by 2.9% during the second quarter. Maryland State Retirement & Pension System now owns 27,241 shares of the home improvement retailer’s stock worth $6,044,000 after acquiring an additional 777 shares during the period. Eagle Strategies LLC grew its holdings in Lowe’s Companies by 12.0% during the second quarter. Eagle Strategies LLC now owns 1,338 shares of the home improvement retailer’s stock worth $297,000 after acquiring an additional 143 shares during the period. Finally, Castle Rock Wealth Management LLC grew its holdings in Lowe’s Companies by 4.6% during the second quarter. Castle Rock Wealth Management LLC now owns 6,810 shares of the home improvement retailer’s stock worth $1,514,000 after acquiring an additional 299 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LOW. UBS Group upped their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Sanford C. Bernstein boosted their target price on Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Oppenheimer boosted their target price on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Wolfe Research started coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus boosted their target price on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 18th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $283.13.

Lowe’s Companies Stock Down 0.9%

Shares of NYSE:LOW opened at $237.62 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The stock’s fifty day simple moving average is $254.58 and its 200-day simple moving average is $234.36. The company has a market capitalization of $133.26 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.22 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (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 business had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the prior year, the business earned $4.10 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is 39.44%.

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.