Verdence Capital Advisors LLC Sells 155 Shares of Lowe’s Companies, Inc. $LOW

Verdence Capital Advisors LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,047 shares of the home improvement retailer’s stock after selling 155 shares during the period. Verdence Capital Advisors LLC’s holdings in Lowe’s Companies were worth $898,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. Brighton Jones LLC boosted its position in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Lowe’s Companies by 15.3% in the first quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer’s stock valued at $1,657,000 after purchasing an additional 944 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Lowe’s Companies by 5.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 417,824 shares of the home improvement retailer’s stock valued at $97,450,000 after acquiring an additional 20,434 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG bought a new stake in shares of Lowe’s Companies in the first quarter valued at $261,000. Institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented 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 report on Thursday, August 21st. DA Davidson increased their price target on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Evercore ISI cut their target price on Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating on the stock in a research report on Tuesday. Wells Fargo & Company lifted their price target on 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 equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $282.91.

Lowe’s Companies Stock Up 2.7%

Shares of NYSE:LOW opened at $240.86 on Wednesday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The firm’s 50-day simple moving average is $254.98 and its 200-day simple moving average is $234.50. The company has a market cap of $135.08 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.17 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping 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 the consensus estimate of $23.99 billion. During the same period in the prior year, the business posted $4.10 earnings per share. The firm’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. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders 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 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

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.