Trust Investment Advisors Lowers Stock Holdings in Lowe’s Companies, Inc. $LOW

Trust Investment Advisors lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,299 shares of the home improvement retailer’s stock after selling 232 shares during the period. Trust Investment Advisors’ holdings in Lowe’s Companies were worth $954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Solstein Capital LLC increased its holdings in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares during the period. Fairway Wealth LLC bought a new position in shares of Lowe’s Companies in the first quarter worth approximately $32,000. Olistico Wealth LLC purchased a new stake in shares of Lowe’s Companies during the second quarter worth about $33,000. TruNorth Capital Management LLC bought a new stake in shares of Lowe’s Companies in the first quarter worth about $38,000. Finally, JNBA Financial Advisors increased its holdings in Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after purchasing an additional 100 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LOW. Sanford C. Bernstein lifted their target price on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Evercore ISI reduced their price target on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Royal Bank Of Canada boosted their target price on 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, Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $282.59.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was 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 represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Stock Up 0.5%

Shares of LOW opened at $243.81 on Tuesday. The business has a 50-day simple moving average of $254.50 and a two-hundred day simple moving average of $235.86. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64. The stock has a market cap of $136.73 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 2.25 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 39.44%.

Lowe’s Companies Company 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.