Lowe’s Companies, Inc. $LOW Shares Sold by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 29,294 shares of the home improvement retailer’s stock after selling 67 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Lowe’s Companies were worth $6,500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Community Bank N.A. lifted its position in Lowe’s Companies by 1.1% during the second quarter. Community Bank N.A. now owns 19,861 shares of the home improvement retailer’s stock valued at $4,407,000 after buying an additional 218 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its position in Lowe’s Companies by 7.0% during the second quarter. Astoria Portfolio Advisors LLC. now owns 6,272 shares of the home improvement retailer’s stock valued at $1,415,000 after buying an additional 413 shares in the last quarter. Concord Asset Management LLC VA acquired a new position in Lowe’s Companies during the second quarter valued at approximately $741,000. Sequoia Financial Advisors LLC lifted its position in Lowe’s Companies by 6.7% during the second quarter. Sequoia Financial Advisors LLC now owns 42,973 shares of the home improvement retailer’s stock valued at $9,534,000 after buying an additional 2,712 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in Lowe’s Companies by 17.8% in the 2nd quarter. Vest Financial LLC now owns 251,292 shares of the home improvement retailer’s stock worth $55,754,000 after acquiring an additional 37,893 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the firm’s 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 transaction, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Robert W. Baird lifted their price target on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Piper Sandler upped their price objective on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $283.13.

Lowe’s Companies Price Performance

Shares of LOW opened at $234.11 on Tuesday. The business’s fifty day moving average price is $254.92 and its 200 day moving average price is $234.46. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The stock has a market capitalization of $131.30 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.15 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (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 for the quarter, compared to analysts’ expectations of $23.99 billion. During the same period last year, the business posted $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. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is 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.