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

Segment Wealth Management LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% in the 2nd quarter, Holdings Channel reports. The firm owned 4,218 shares of the home improvement retailer’s stock after selling 146 shares during the quarter. Segment Wealth Management LLC’s holdings in Lowe’s Companies were worth $936,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LOW. Brighton Jones LLC increased its holdings in Lowe’s Companies by 119.7% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares in the last quarter. Signal Advisors Wealth LLC grew its stake in shares of Lowe’s Companies by 21.7% during the first quarter. Signal Advisors Wealth LLC now owns 5,066 shares of the home improvement retailer’s stock valued at $1,181,000 after acquiring an additional 902 shares in the last quarter. Intellectus Partners LLC grew its stake in shares of Lowe’s Companies by 2.2% during the first quarter. Intellectus Partners LLC now owns 2,404 shares of the home improvement retailer’s stock valued at $561,000 after acquiring an additional 51 shares in the last quarter. Finally, Pitti Group Wealth Management LLC grew its stake in shares of Lowe’s Companies by 3.2% during the first quarter. Pitti Group Wealth Management LLC now owns 4,117 shares of the home improvement retailer’s stock valued at $960,000 after acquiring an additional 126 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $246.24 on Friday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The company’s 50-day simple moving average is $253.95 and its 200-day simple moving average is $234.14. The stock has a market capitalization of $138.10 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.28 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last issued 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. 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 analysts’ expectations of $23.99 billion. During the same quarter last year, the company posted $4.10 earnings per share. The company’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, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders 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 dividend on an annualized basis and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, 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 value of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent analyst reports. Barclays set a $267.00 target price on Lowe’s Companies in a research note on Thursday, August 21st. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Saturday, September 27th. Finally, Sanford C. Bernstein raised their target price on Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Seventeen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.50.

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.