Lowe’s Companies, Inc. $LOW Holdings Cut by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,610 shares of the home improvement retailer’s stock after selling 104 shares during the period. Quotient Wealth Partners LLC’s holdings in Lowe’s Companies were worth $579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LOW. Nuveen LLC bought a new stake in Lowe’s Companies in the first quarter valued at $681,215,000. Pacer Advisors Inc. increased its holdings in shares of Lowe’s Companies by 2,984.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock worth $475,339,000 after acquiring 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 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after purchasing an additional 618,775 shares during the last quarter. Invesco Ltd. lifted its position in Lowe’s Companies by 10.6% in the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after purchasing an additional 501,154 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Lowe’s Companies by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock valued at $1,192,213,000 after purchasing an additional 330,701 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LOW shares. UBS Group lifted their price target on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Barclays set a $267.00 price target on Lowe’s Companies in a research report on Thursday, August 21st. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $282.91.

Lowe’s Companies Stock Up 0.7%

Shares of LOW stock opened at $244.81 on Friday. The stock has a 50-day simple moving average of $255.21 and a 200 day simple moving average of $234.69. The stock has a market capitalization of $137.30 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.27 and a beta of 0.88. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $282.70.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating 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 company had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the prior year, the company earned $4.10 EPS. Lowe’s Companies’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, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s payout ratio is 39.44%.

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.