Union Savings Bank Cuts Stock Holdings in Lowe’s Companies, Inc. $LOW

Union Savings Bank lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 19.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,101 shares of the home improvement retailer’s stock after selling 520 shares during the quarter. Union Savings Bank’s holdings in Lowe’s Companies were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opinicus Capital Inc. boosted its stake in shares of Lowe’s Companies by 4.7% in the second quarter. Opinicus Capital Inc. now owns 5,039 shares of the home improvement retailer’s stock valued at $1,118,000 after buying an additional 224 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Lowe’s Companies by 6.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 137,271 shares of the home improvement retailer’s stock worth $30,456,000 after acquiring an additional 8,143 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in Lowe’s Companies by 7.6% in the second quarter. Foundations Investment Advisors LLC now owns 19,206 shares of the home improvement retailer’s stock valued at $4,261,000 after acquiring an additional 1,356 shares during the period. CFO4Life Group LLC purchased a new stake in shares of Lowe’s Companies during the 2nd quarter worth $364,000. Finally, Prospect Financial Services LLC grew its stake in shares of Lowe’s Companies by 9.9% during the 2nd quarter. Prospect Financial Services LLC now owns 1,980 shares of the home improvement retailer’s stock worth $439,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $227.59 on Friday. The firm’s 50-day moving average is $247.66 and its two-hundred day moving average is $237.29. The company has a market capitalization of $127.64 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64.

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 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 analysts’ expectations of $23.99 billion. During the same period last year, the company posted $4.10 EPS. The company’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, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is currently 39.44%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays set a $267.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. 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 report on Thursday, August 21st. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Wolfe Research initiated coverage on Lowe’s Companies in a research note on Wednesday, September 17th. They set an “outperform” rating on the stock. Finally, Oppenheimer raised their price objective on Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Sixteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $278.91.

Insider Buying and Selling

In related news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,931 shares of company stock worth $24,945,752 in the last ninety days. 0.27% of the stock is currently owned by 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.