GW Henssler & Associates Ltd. Has $272,000 Stock Position in Lowe’s Companies, Inc. $LOW

GW Henssler & Associates Ltd. lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,228 shares of the home improvement retailer’s stock after selling 102 shares during the period. GW Henssler & Associates Ltd.’s holdings in Lowe’s Companies were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of Lowe’s Companies by 2.0% during the second quarter. CWM LLC now owns 42,682 shares of the home improvement retailer’s stock valued at $9,470,000 after purchasing an additional 845 shares during the period. OFI Invest Asset Management raised its holdings in shares of Lowe’s Companies by 25.8% during the second quarter. OFI Invest Asset Management now owns 639 shares of the home improvement retailer’s stock valued at $142,000 after purchasing an additional 131 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Lowe’s Companies by 24.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 92,667 shares of the home improvement retailer’s stock valued at $20,572,000 after purchasing an additional 18,016 shares during the period. Sovereign Financial Group Inc. raised its holdings in shares of Lowe’s Companies by 5.9% during the second quarter. Sovereign Financial Group Inc. now owns 970 shares of the home improvement retailer’s stock valued at $215,000 after purchasing an additional 54 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Lowe’s Companies by 3.0% during the second quarter. Concurrent Investment Advisors LLC now owns 43,170 shares of the home improvement retailer’s stock valued at $9,578,000 after purchasing an additional 1,238 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $232.28 on Monday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The company has a 50-day simple moving average of $254.92 and a two-hundred day simple moving average of $234.42. The company has a market capitalization of $130.27 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.15 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, topping analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the prior year, the firm posted $4.10 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Evercore ISI decreased their target price on shares of Lowe’s Companies from $275.00 to $250.00 and set an “in-line” rating for the company in a research report on Tuesday, October 7th. Finally, Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.13.

Insider Activity

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by company insiders.

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.