Lowe’s Companies, Inc. $LOW Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 24.7% in the second quarter, HoldingsChannel reports. The fund owned 7,507 shares of the home improvement retailer’s stock after selling 2,462 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Lowe’s Companies were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of LOW. Nuveen LLC acquired a new position in Lowe’s Companies in the first quarter valued at approximately $681,215,000. Pacer Advisors Inc. lifted its holdings in Lowe’s Companies by 2,984.6% in the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock valued at $475,339,000 after acquiring an additional 1,971,996 shares during the period. Wellington Management Group LLP lifted its holdings in Lowe’s Companies by 49.0% in the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after acquiring an additional 618,775 shares during the period. Invesco Ltd. raised its stake in shares of Lowe’s Companies by 10.6% during the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock worth $1,214,448,000 after buying an additional 501,154 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Lowe’s Companies by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock worth $1,192,213,000 after buying an additional 330,701 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of LOW opened at $243.06 on Monday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64. The stock has a market capitalization of $136.31 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.25 and a beta of 0.88. The stock has a 50 day moving average price of $254.64 and a 200 day moving average price of $235.72.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS 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 during the quarter, compared to analysts’ expectations of $23.99 billion. During the same period in the previous year, the business earned $4.10 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank Of Canada upped their target price on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 21st. Wells Fargo & Company upped their target price on Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Saturday. Robert W. Baird upped their target price 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, Mizuho upped their target price on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $282.91.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 in the last quarter. Corporate 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.