Lowe’s Companies, Inc. $LOW Shares Sold by Brogan Financial Inc.

Brogan Financial Inc. lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 24.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,237 shares of the home improvement retailer’s stock after selling 404 shares during the quarter. Brogan Financial Inc.’s holdings in Lowe’s Companies were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in LOW. Solstein Capital LLC lifted its stake 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 valued at $29,000 after buying an additional 113 shares during the last quarter. Olistico Wealth LLC acquired a new position in Lowe’s Companies during the second quarter worth $33,000. Barnes Dennig Private Wealth Management LLC raised its position in Lowe’s Companies by 101.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after acquiring an additional 97 shares during the last quarter. Vista Cima Wealth Management LLC acquired a new position in shares of Lowe’s Companies in the first quarter worth $44,000. Finally, Orion Capital Management LLC lifted its position in shares of Lowe’s Companies by 34.2% in the first quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after acquiring an additional 50 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LOW. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Truist Financial reduced their price target on Lowe’s Companies from $283.00 to $267.00 and set a “buy” rating for the company in a report on Friday, November 7th. Barclays set a $267.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sanford C. Bernstein upped their price target on Lowe’s Companies from $279.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Mizuho raised their target price on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.50.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 in the last ninety days. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $234.75 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The firm has a market cap of $131.65 billion, a PE ratio of 19.29, a P/E/G ratio of 2.21 and a beta of 0.87. The firm’s 50 day moving average price is $249.17 and its two-hundred day moving average price is $237.29.

Lowe’s Companies (NYSE:LOW) last posted its 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 net margin of 8.20% and a negative return on equity of 52.02%. 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 business’s quarterly revenue 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. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

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.