KCM Investment Advisors LLC Sells 1,125 Shares of Lowe’s Companies, Inc. $LOW

KCM Investment Advisors LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,412 shares of the home improvement retailer’s stock after selling 1,125 shares during the quarter. KCM Investment Advisors LLC’s holdings in Lowe’s Companies were worth $8,744,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Solstein Capital LLC raised its stake in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Olistico Wealth LLC bought a new stake in Lowe’s Companies during the second quarter worth $33,000. TruNorth Capital Management LLC purchased a new stake in Lowe’s Companies in the 1st quarter valued at $38,000. Barnes Dennig Private Wealth Management LLC raised its position in Lowe’s Companies by 101.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after buying an additional 97 shares during the last quarter. Finally, Vista Cima Wealth Management LLC bought a new position in Lowe’s Companies during the 1st quarter valued at $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LOW. Oppenheimer upped their target price on shares of Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Stifel Nicolaus upped their price objective on shares of Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 18th. UBS Group increased their price objective on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Finally, Wolfe Research began coverage on Lowe’s Companies in a research note on Wednesday, September 17th. They issued an “outperform” rating on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $282.00.

Insider Transactions at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of the 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 transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $2,200,207.36. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 92,931 shares of company stock valued at $24,945,752. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $232.92 on Friday. The firm has a market cap of $130.62 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64. The firm’s 50-day simple moving average is $250.65 and its two-hundred day simple moving average is $236.87.

Lowe’s Companies (NYSE:LOW) last released 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. 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 during the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the prior year, the firm earned $4.10 EPS. The company’s revenue 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. Analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 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.