Private Wealth Partners LLC Cuts Stock Holdings in Lowe’s Companies, Inc. $LOW

Private Wealth Partners LLC decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,803 shares of the home improvement retailer’s stock after selling 120 shares during the period. Private Wealth Partners LLC’s holdings in Lowe’s Companies were worth $3,062,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LOW. Solstein Capital LLC boosted its position in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Fairway Wealth LLC purchased a new stake in shares of Lowe’s Companies during the 1st quarter valued at $32,000. Olistico Wealth LLC purchased a new stake in shares of Lowe’s Companies during the 2nd quarter valued at $33,000. TruNorth Capital Management LLC purchased a new stake in shares of Lowe’s Companies during the 1st quarter valued at $38,000. Finally, JNBA Financial Advisors lifted its position in shares of Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LOW. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Evercore ISI decreased their price objective on Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 14th. Oppenheimer boosted their price objective on Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. DA Davidson boosted their price objective on Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Finally, UBS Group upped their target price on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Lowe’s Companies Stock Up 0.5%

NYSE:LOW opened at $243.81 on Tuesday. The business’s 50-day moving average price is $254.50 and its two-hundred day moving average price is $235.86. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The stock has a market cap of $136.73 billion, a P/E ratio of 20.03, a PEG ratio of 2.25 and a beta of 0.88.

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, beating the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter last year, the firm posted $4.10 EPS. The company’s revenue 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. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by corporate insiders.

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.