S&CO Inc. Reduces Stock Position in Lowe’s Companies, Inc. $LOW

S&CO Inc. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,763 shares of the home improvement retailer’s stock after selling 450 shares during the period. S&CO Inc.’s holdings in Lowe’s Companies were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Solstein Capital LLC raised its holdings in Lowe’s Companies by 627.8% during 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 in the last quarter. Olistico Wealth LLC acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $33,000. TruNorth Capital Management LLC purchased a new position in Lowe’s Companies during the 1st quarter worth approximately $38,000. Barnes Dennig Private Wealth Management LLC grew its stake in Lowe’s Companies by 101.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after buying an additional 97 shares during the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new position in Lowe’s Companies during the first quarter worth approximately $44,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $232.92 on Monday. The firm has a market cap of $130.62 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The firm’s fifty day moving average price is $250.65 and its 200 day moving average price is $237.13. 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 released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The company 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 business’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 22nd. Lowe’s Companies’s payout ratio is currently 39.44%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LOW shares. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Oppenheimer lifted their price objective on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Finally, Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $282.00.

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.