Stock Yards Bank & Trust Co. Cuts Position in Lowe’s Companies, Inc. $LOW

Stock Yards Bank & Trust Co. lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,007 shares of the home improvement retailer’s stock after selling 395 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Lowe’s Companies were worth $3,108,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter valued at approximately $32,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter valued at approximately $36,000. TruNorth Capital Management LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter valued at approximately $38,000. JNBA Financial Advisors lifted its stake in shares of Lowe’s Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. Finally, Vista Cima Wealth Management LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter valued at approximately $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $246.24 on Friday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The firm has a market capitalization of $138.10 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.29 and a beta of 0.88. The stock has a 50 day moving average price of $253.95 and a 200 day moving average price of $234.08.

Lowe’s Companies (NYSE:LOW) last issued its 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. The business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe’s Companies’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. 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 payout ratio is 39.44%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LOW shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Saturday, September 27th. KeyCorp raised their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Mizuho raised their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Royal Bank Of Canada raised their price objective on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, August 21st. Finally, Robert W. Baird raised their price target on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Seventeen investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $285.50.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company’s stock.

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.