Strategic Blueprint LLC Sells 666 Shares of Lowe’s Companies, Inc. $LOW

Strategic Blueprint LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 11.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,213 shares of the home improvement retailer’s stock after selling 666 shares during the quarter. Strategic Blueprint LLC’s holdings in Lowe’s Companies were worth $1,157,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vertex Planning Partners LLC boosted its position in Lowe’s Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after purchasing an additional 44 shares during the period. Quadcap Wealth Management LLC boosted its position in Lowe’s Companies by 0.5% during the first quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock worth $2,189,000 after purchasing an additional 46 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its position in Lowe’s Companies by 0.8% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock worth $1,357,000 after purchasing an additional 47 shares during the period. Appleton Partners Inc. MA boosted its position in Lowe’s Companies by 1.5% during the second quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock worth $713,000 after purchasing an additional 47 shares during the period. Finally, Fielder Capital Group LLC boosted its position in Lowe’s Companies by 5.9% during the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock worth $202,000 after purchasing an additional 48 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LOW. Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Mizuho raised their price objective on shares of Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Citigroup cut their price objective 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. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $282.91.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 directly owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 Price Performance

Shares of LOW opened at $243.06 on Friday. The firm’s 50 day simple moving average is $254.64 and its 200 day simple moving average is $235.46. The company has a market capitalization of $136.31 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.26 and a beta of 0.88. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64.

Lowe’s Companies (NYSE:LOW) last announced 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 for the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

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

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.