Private Wealth Management Group LLC Sells 51 Shares of Lowe’s Companies, Inc. $LOW

Private Wealth Management Group LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 17.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 244 shares of the home improvement retailer’s stock after selling 51 shares during the period. Private Wealth Management Group LLC’s holdings in Lowe’s Companies were worth $54,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOW. Fairway Wealth LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at approximately $32,000. Olistico Wealth LLC bought a new position in shares of Lowe’s Companies during the 2nd quarter valued at approximately $33,000. Inlight Wealth Management LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at approximately $36,000. TruNorth Capital Management LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at approximately $38,000. Finally, JNBA Financial Advisors grew its position in shares of Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of research reports. UBS Group increased their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. KeyCorp boosted their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Truist Financial boosted their target price on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $282.91.

Lowe’s Companies Price Performance

LOW opened at $244.81 on Friday. The company has a fifty day moving average price of $255.21 and a 200-day moving average price of $234.69. The firm has a market capitalization of $137.30 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $282.70.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

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

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.