Lowe’s Companies, Inc. $LOW Shares Sold by Loudon Investment Management LLC

Loudon Investment Management LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,962 shares of the home improvement retailer’s stock after selling 225 shares during the period. Lowe’s Companies makes up approximately 2.7% of Loudon Investment Management LLC’s portfolio, making the stock its 10th biggest holding. Loudon Investment Management LLC’s holdings in Lowe’s Companies were worth $4,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Forza Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 5.8% in the 2nd quarter. Forza Wealth Management LLC now owns 3,928 shares of the home improvement retailer’s stock worth $872,000 after acquiring an additional 214 shares during the period. PFG Investments LLC lifted its position in Lowe’s Companies by 2.6% in the second quarter. PFG Investments LLC now owns 10,492 shares of the home improvement retailer’s stock valued at $2,328,000 after purchasing an additional 267 shares during the period. LBP AM SA lifted its position in Lowe’s Companies by 6.2% in the second quarter. LBP AM SA now owns 14,597 shares of the home improvement retailer’s stock valued at $3,239,000 after purchasing an additional 858 shares during the period. Sicart Associates LLC purchased a new stake in Lowe’s Companies in the 2nd quarter valued at approximately $1,040,000. Finally, Broadway Wealth Solutions Inc. increased its position in Lowe’s Companies by 4.0% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,313 shares of the home improvement retailer’s stock worth $291,000 after purchasing an additional 51 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LOW shares. Barclays set a $267.00 price target on Lowe’s Companies in a report on Thursday, August 21st. KeyCorp increased 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. Piper Sandler boosted their target price on shares of Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Mizuho upped their price target on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, DA Davidson raised their price objective on shares of Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $285.50.

Lowe’s Companies Trading Down 0.8%

Shares of LOW opened at $251.20 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The stock has a market cap of $140.88 billion, a P/E ratio of 20.64, a PEG ratio of 2.34 and a beta of 0.87. The company has a 50-day moving average of $252.74 and a two-hundred day moving average of $233.68.

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

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Insider Activity

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This 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 sold 92,931 shares of company stock worth $24,945,752. Company 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.