Gateway Investment Advisers LLC Sells 255 Shares of Lowe’s Companies, Inc. $LOW

Gateway Investment Advisers LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 206,885 shares of the home improvement retailer’s stock after selling 255 shares during the period. Gateway Investment Advisers LLC’s holdings in Lowe’s Companies were worth $45,902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Lowe’s Companies by 0.4% during the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock worth $12,736,545,000 after acquiring an additional 230,359 shares in the last quarter. Invesco Ltd. lifted its holdings in Lowe’s Companies by 10.6% during the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock worth $1,214,448,000 after acquiring an additional 501,154 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Lowe’s Companies by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock worth $1,192,213,000 after acquiring an additional 330,701 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Lowe’s Companies by 6.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer’s stock worth $1,242,793,000 after acquiring an additional 323,371 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Lowe’s Companies by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock worth $881,406,000 after acquiring an additional 225,964 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Barclays set a $267.00 price target on Lowe’s Companies in a report on Thursday, August 21st. Sanford C. Bernstein boosted their price target on Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Truist Financial boosted their price target on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus boosted their price target 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 given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $284.13.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have 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 Stock Down 0.4%

Shares of NYSE LOW opened at $270.92 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The business’s 50 day moving average price is $245.15 and its two-hundred day moving average price is $232.06. The company has a market cap of $151.94 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a yield of 0.0%. Lowe’s Companies’s 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.