Union Savings Bank Trims Holdings in Lowe’s Companies, Inc. $LOW

Union Savings Bank lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,101 shares of the home improvement retailer’s stock after selling 520 shares during the period. Union Savings Bank’s holdings in Lowe’s Companies were worth $470,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Solstein Capital LLC grew its holdings in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares during the period. Olistico Wealth LLC acquired a new position in Lowe’s Companies in the 2nd quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Lowe’s Companies by 101.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after purchasing an additional 97 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new stake in shares of Lowe’s Companies in the 1st quarter valued at approximately $44,000. Finally, Orion Capital Management LLC increased its holdings in shares of Lowe’s Companies by 34.2% during the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock worth $46,000 after buying an additional 50 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 1.7%

Shares of Lowe’s Companies stock opened at $227.59 on Friday. The company has a fifty day simple moving average of $247.66 and a 200-day simple moving average of $237.29. The stock has a market cap of $127.64 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64.

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

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was 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 in the company, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Royal Bank Of Canada raised their price objective on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. Robert W. Baird upped their price target on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, Oppenheimer raised their price target on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $278.91.

Lowe’s Companies 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.