Lowe’s Companies, Inc. $LOW Holdings Reduced by Capital Investment Counsel Inc

Capital Investment Counsel Inc lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,654 shares of the home improvement retailer’s stock after selling 1,450 shares during the period. Lowe’s Companies accounts for about 1.6% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 12th biggest holding. Capital Investment Counsel Inc’s holdings in Lowe’s Companies were worth $11,682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Solstein Capital LLC raised its stake in Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares in the last quarter. Olistico Wealth LLC acquired a new position in shares of Lowe’s Companies during the second quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC raised its stake in shares of 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 valued at $43,000 after purchasing an additional 97 shares in the last quarter. Vista Cima Wealth Management LLC bought a new stake in shares of Lowe’s Companies during the first quarter valued at about $44,000. Finally, Orion Capital Management LLC lifted its holdings in 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 worth $46,000 after purchasing an additional 50 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

LOW stock opened at $234.75 on Thursday. 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. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The firm has a 50 day simple moving average of $249.17 and a 200 day simple moving average of $237.29.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) 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 company had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the prior year, the company earned $4.10 earnings per share. The firm’s 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. As a group, sell-side analysts expect 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 was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is currently 39.44%.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. UBS Group raised their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. KeyCorp increased their price objective on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Wells Fargo & Company cut their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Citigroup decreased their price target on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $280.50.

Insider Buying and Selling

In other Lowe’s Companies news, 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 completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 30,099 shares in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

About Lowe’s Companies

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.