GW Henssler & Associates Ltd. Sells 102 Shares of Lowe’s Companies, Inc. $LOW

GW Henssler & Associates Ltd. trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,228 shares of the home improvement retailer’s stock after selling 102 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Lowe’s Companies were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after buying an additional 259 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Lowe’s Companies by 15.3% during the first quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer’s stock worth $1,657,000 after buying an additional 944 shares during the last quarter. Elevation Point Wealth Partners LLC grew its stake in shares of Lowe’s Companies by 3.5% during the first quarter. Elevation Point Wealth Partners LLC now owns 7,341 shares of the home improvement retailer’s stock worth $1,712,000 after buying an additional 247 shares during the last quarter. Finally, Goldstone Financial Group LLC bought a new stake in shares of Lowe’s Companies during the first quarter worth $206,000. 74.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research reports. Sanford C. Bernstein boosted their target price on shares of Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a report on Monday, August 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday, October 8th. Finally, Citigroup cut their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $283.13.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $232.28 on Monday. The firm has a market cap of $130.27 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.15 and a beta of 0.88. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The firm’s fifty day moving average is $254.92 and its 200-day moving average is $234.42.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.1%. Lowe’s Companies’s payout ratio is presently 39.44%.

Insider Activity

In related news, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 in the last three months. Corporate insiders own 0.27% of the company’s stock.

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.