Personal CFO Solutions LLC Sells 540 Shares of Lowe’s Companies, Inc. $LOW

Personal CFO Solutions LLC lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,345 shares of the home improvement retailer’s stock after selling 540 shares during the quarter. Personal CFO Solutions LLC’s holdings in Lowe’s Companies were worth $964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LOW. Solstein Capital LLC lifted its stake in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares in the last quarter. Traub Capital Management LLC bought a new stake in shares of Lowe’s Companies during the second quarter worth $30,000. Olistico Wealth LLC acquired a new position in Lowe’s Companies in the 2nd quarter worth $33,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Lowe’s Companies by 101.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after buying an additional 97 shares in the last quarter. Finally, Vista Cima Wealth Management LLC bought a new stake in Lowe’s Companies during the 1st quarter worth about $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Brandon J. Sink sold 8,192 shares of the company’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 sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 52,931 shares of company stock worth $14,381,752. 0.27% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Down 0.1%

Shares of Lowe’s Companies stock opened at $228.16 on Friday. The stock has a market capitalization of $127.96 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The company has a 50-day simple moving average of $244.06 and a two-hundred day simple moving average of $237.33.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same period last year, the firm earned $2.89 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 annualized dividend and a yield of 2.1%. Lowe’s Companies’s payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America reduced their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird reduced their target price on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday. Citigroup decreased 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. Sanford C. Bernstein raised their price objective on shares of Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Barclays set a $267.00 price objective on Lowe’s Companies in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $276.41.

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.