Lowe’s Companies, Inc. $LOW Shares Sold by Topsail Wealth Management LLC

Topsail Wealth Management LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,031 shares of the home improvement retailer’s stock after selling 51 shares during the quarter. Topsail Wealth Management LLC’s holdings in Lowe’s Companies were worth $229,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LOW. Brighton Jones LLC increased its stake in Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its stake in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after purchasing an additional 259 shares during the period. GAMMA Investing LLC increased its stake in Lowe’s Companies by 15.3% in the first quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer’s stock valued at $1,657,000 after purchasing an additional 944 shares during the period. Transcend Capital Advisors LLC increased its stake in Lowe’s Companies by 2.4% in the first quarter. Transcend Capital Advisors LLC now owns 7,020 shares of the home improvement retailer’s stock valued at $1,637,000 after purchasing an additional 162 shares during the period. Finally, Jaffetilchin Investment Partners LLC increased its stake in Lowe’s Companies by 8.1% in the first quarter. Jaffetilchin Investment Partners LLC now owns 2,740 shares of the home improvement retailer’s stock valued at $639,000 after purchasing an additional 205 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock worth $24,945,752 over the last quarter. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of a number of recent research reports. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Citigroup dropped their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Robert W. Baird boosted their price target on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, Stifel Nicolaus boosted their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research note on Monday, August 18th. Sixteen research 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. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $282.91.

Lowe’s Companies Trading Down 0.3%

LOW stock opened at $243.06 on Friday. The company has a market cap of $136.31 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.25 and a beta of 0.88. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64. The company’s 50-day moving average price is $254.64 and its 200 day moving average price is $235.63.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research 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 paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. 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.