Lowe’s Companies, Inc. $LOW Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,153 shares of the home improvement retailer’s stock after selling 621 shares during the period. Pinnacle Associates Ltd.’s holdings in Lowe’s Companies were worth $10,240,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Strs Ohio boosted its stake in Lowe’s Companies by 2.9% during the 2nd quarter. Strs Ohio now owns 188,773 shares of the home improvement retailer’s stock worth $41,883,000 after purchasing an additional 5,351 shares during the period. Savvy Advisors Inc. boosted its holdings in shares of Lowe’s Companies by 68.0% in the second quarter. Savvy Advisors Inc. now owns 5,209 shares of the home improvement retailer’s stock valued at $1,156,000 after acquiring an additional 2,108 shares in the last quarter. Live Oak Private Wealth LLC boosted its holdings in shares of Lowe’s Companies by 0.6% in the second quarter. Live Oak Private Wealth LLC now owns 61,589 shares of the home improvement retailer’s stock valued at $13,665,000 after acquiring an additional 383 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Lowe’s Companies by 9.2% in the second quarter. Assetmark Inc. now owns 60,582 shares of the home improvement retailer’s stock valued at $13,441,000 after acquiring an additional 5,126 shares in the last quarter. Finally, HBK Sorce Advisory LLC boosted its holdings in shares of Lowe’s Companies by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 13,950 shares of the home improvement retailer’s stock valued at $3,095,000 after acquiring an additional 317 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.6%

Shares of NYSE LOW opened at $238.29 on Friday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64. The firm has a 50-day moving average price of $253.05 and a 200 day moving average price of $236.27. The stock has a market capitalization of $133.64 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.21 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating 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 firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter last year, the business earned $4.10 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on LOW. Oppenheimer lifted their target price on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Barclays set a $267.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $282.59.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by insiders.

About Lowe’s Companies

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.