Lowe’s Companies, Inc. $LOW Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,480 shares of the home improvement retailer’s stock after selling 1,177 shares during the quarter. Lowe’s Companies makes up 1.9% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 12th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Lowe’s Companies were worth $16,969,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SeaBridge Investment Advisors LLC raised its holdings in shares of Lowe’s Companies by 3.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after purchasing an additional 465 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Lowe’s Companies by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock valued at $29,223,000 after acquiring an additional 1,470 shares during the last quarter. Larson Financial Group LLC lifted its position in Lowe’s Companies by 8.1% in the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after acquiring an additional 1,242 shares during the last quarter. Advent Capital Management DE lifted its position in Lowe’s Companies by 20.0% in the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Cornerstone Wealth Group LLC lifted its position in Lowe’s Companies by 12.6% in the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock valued at $6,848,000 after acquiring an additional 3,295 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE LOW opened at $232.28 on Friday. The firm has a market cap of $130.27 billion, a PE ratio of 19.09, a P/E/G ratio of 2.17 and a beta of 0.88. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The firm’s fifty day moving average is $254.92 and its two-hundred day moving average is $234.38.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe’s Companies’s payout ratio is currently 39.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LOW shares. Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. DA Davidson boosted their price target on shares of Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Citigroup reduced their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Barclays set a $267.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $283.13.

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.