Ingalls & Snyder LLC Sells 298 Shares of Lowe’s Companies, Inc. $LOW

Ingalls & Snyder LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,661 shares of the home improvement retailer’s stock after selling 298 shares during the period. Ingalls & Snyder LLC’s holdings in Lowe’s Companies were worth $2,809,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Lowe’s Companies during the first quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new stake in Lowe’s Companies in the second quarter worth approximately $33,000. TruNorth Capital Management LLC bought a new stake in Lowe’s Companies in the 1st quarter worth approximately $38,000. JNBA Financial Advisors raised its stake in Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. Finally, Orion Capital Management LLC raised its stake in Lowe’s Companies by 34.2% during the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.3%

NYSE LOW opened at $243.06 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The stock has a market cap of $136.31 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.25 and a beta of 0.88. The company’s 50 day moving average is $254.64 and its two-hundred day moving average is $235.63.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed 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 2.0%. Lowe’s Companies’s dividend payout ratio is 39.44%.

Insiders Place Their Bets

In related news, CEO Marvin R. Ellison sold 40,000 shares of the 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 sale, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the transaction, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LOW shares. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Wolfe Research assumed coverage on Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating on the stock. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Citigroup reduced their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Finally, Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $282.91.

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.