Lowe’s Companies, Inc. $LOW Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,765 shares of the home improvement retailer’s stock after selling 614 shares during the quarter. Howe & Rusling Inc.’s holdings in Lowe’s Companies were worth $5,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in Lowe’s Companies during the 1st quarter worth approximately $32,000. Orion Capital Management LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new stake in Lowe’s Companies during the 1st quarter worth approximately $36,000. Finally, IFS Advisors LLC increased its position in Lowe’s Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LOW. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. DA Davidson raised their price target on shares of Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. KeyCorp raised their price target 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. Royal Bank Of Canada raised their price target on shares of Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. Finally, UBS Group raised their price target on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.13.

Lowe’s Companies Price Performance

Shares of LOW opened at $272.56 on Friday. The business’s fifty day moving average price is $242.38 and its 200 day moving average price is $231.63. 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 $152.86 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.47 and a beta of 0.87.

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 Cuts 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 paid a $0.012 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Insider Buying and Selling at Lowe’s Companies

In other news, 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 transaction of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 49,121 shares of company stock worth $13,003,146. 0.27% of the stock is owned by insiders.

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.