Lowe’s Companies, Inc. $LOW Shares Sold by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,558 shares of the home improvement retailer’s stock after selling 4,835 shares during the period. Lowe’s Companies makes up about 1.5% of Applied Finance Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Applied Finance Capital Management LLC’s holdings in Lowe’s Companies were worth $21,424,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fairway Wealth LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter worth $32,000. Olistico Wealth LLC purchased a new stake in shares of Lowe’s Companies during the second quarter valued at $33,000. Inlight Wealth Management LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at $36,000. TruNorth Capital Management LLC purchased a new position in Lowe’s Companies in the 1st quarter worth about $38,000. Finally, JNBA Financial Advisors increased its stake in Lowe’s Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LOW shares. Sanford C. Bernstein upped their price objective on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” 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 report on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on shares of Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 21st. Barclays set a $267.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, Stifel Nicolaus increased their target price on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a report on Monday, August 18th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $282.91.

Lowe’s Companies Stock Performance

Shares of LOW opened at $243.11 on Friday. The company has a market capitalization of $136.34 billion, a PE ratio of 19.98, a PEG ratio of 2.24 and a beta of 0.88. The company’s 50 day moving average price is $255.14 and its 200 day moving average price is $234.62. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $285.24.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating 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 firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter in the prior year, the business earned $4.10 EPS. The company’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. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

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.