Waldron Private Wealth LLC Sells 71 Shares of Lowe’s Companies, Inc. $LOW

Waldron Private Wealth LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,197 shares of the home improvement retailer’s stock after selling 71 shares during the period. Waldron Private Wealth LLC’s holdings in Lowe’s Companies were worth $1,153,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in Lowe’s Companies during the 1st quarter valued at $32,000. Olistico Wealth LLC acquired a new position in Lowe’s Companies during the 2nd quarter valued at $33,000. TruNorth Capital Management LLC acquired a new position in Lowe’s Companies during the 1st quarter valued at $38,000. JNBA Financial Advisors raised its stake in 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 purchasing an additional 100 shares during the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new position in Lowe’s Companies during the 1st quarter valued at $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

LOW opened at $243.06 on Friday. The firm’s 50-day simple moving average is $254.64 and its 200-day simple moving average is $235.63. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The firm has a market cap of $136.31 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.25 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter in the prior year, the firm earned $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. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. 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 dividend payout ratio is presently 39.44%.

Analyst Upgrades and Downgrades

LOW has been the subject of several research analyst reports. KeyCorp upped their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Saturday. DA Davidson increased their price objective on shares of Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $282.91.

Insider Activity

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last quarter. 0.27% of the stock is owned by company insiders.

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.