Lowe’s Companies, Inc. $LOW Stock Position Lessened by Second Half Financial Partners LLC

Second Half Financial Partners LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 986 shares of the home improvement retailer’s stock after selling 51 shares during the quarter. Second Half Financial Partners LLC’s holdings in Lowe’s Companies were worth $219,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nuveen LLC acquired a new stake in Lowe’s Companies in the first quarter worth approximately $681,215,000. Pacer Advisors Inc. lifted its position in Lowe’s Companies by 2,984.6% in the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock worth $475,339,000 after purchasing an additional 1,971,996 shares during the period. Wellington Management Group LLP lifted its position in Lowe’s Companies by 49.0% in the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock worth $438,751,000 after purchasing an additional 618,775 shares during the period. Invesco Ltd. lifted its position in Lowe’s Companies by 10.6% in the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock worth $1,214,448,000 after purchasing an additional 501,154 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Lowe’s Companies by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock worth $1,192,213,000 after purchasing an additional 330,701 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 1.0%

NYSE LOW opened at $232.28 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The company has a market capitalization of $130.27 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.15 and a beta of 0.88. The firm’s fifty day simple moving average is $254.92 and its 200-day simple moving average is $234.40.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the prior year, the business posted $4.10 earnings per share. Lowe’s Companies’s revenue for the quarter 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, analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The business 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 $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 dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is 39.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stifel Nicolaus upped their target price on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 18th. Robert W. Baird increased their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday. Truist Financial increased their price objective on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Barclays set a $267.00 price objective on Lowe’s Companies in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $283.13.

Insider Activity at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the company’s 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 completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by insiders.

Lowe’s Companies 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.