Burney Co. Sells 48,282 Shares of Lowe’s Companies, Inc. $LOW

Burney Co. lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 56.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,605 shares of the home improvement retailer’s stock after selling 48,282 shares during the quarter. Burney Co.’s holdings in Lowe’s Companies were worth $8,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LOW. Solstein Capital LLC lifted its stake in shares of Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares during the last quarter. Fairway Wealth LLC purchased a new position in Lowe’s Companies in the 1st quarter worth approximately $32,000. Olistico Wealth LLC bought a new stake in Lowe’s Companies in the second quarter valued at approximately $33,000. TruNorth Capital Management LLC bought a new position in shares of Lowe’s Companies in the first quarter worth approximately $38,000. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in shares of Lowe’s Companies by 101.0% in the second 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 period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $238.29 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $280.64. The stock’s 50 day simple moving average is $253.05 and its two-hundred day simple moving average is $236.53. The stock has a market cap of $133.64 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.21 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data 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. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter in the previous year, the firm posted $4.10 earnings per share. Lowe’s Companies’s quarterly revenue was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is currently 39.44%.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of several analyst reports. Truist Financial increased their price target on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Royal Bank Of Canada raised their target price on 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. Piper Sandler upped their price target on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Robert W. Baird increased their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, KeyCorp lifted their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen investment 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $282.59.

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.