Whittier Trust Co. Sells 248 Shares of Lowe’s Companies, Inc. $LOW

Whittier Trust Co. reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,093 shares of the home improvement retailer’s stock after selling 248 shares during the quarter. Whittier Trust Co.’s holdings in Lowe’s Companies were worth $15,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Klingman & Associates LLC lifted its stake in shares of Lowe’s Companies by 29.1% in the second quarter. Klingman & Associates LLC now owns 2,931 shares of the home improvement retailer’s stock worth $650,000 after acquiring an additional 661 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in shares of Lowe’s Companies by 7.4% in the second quarter. Avidian Wealth Enterprises LLC now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after acquiring an additional 164 shares during the period. Bogart Wealth LLC lifted its stake in shares of Lowe’s Companies by 3.0% in the second quarter. Bogart Wealth LLC now owns 1,860 shares of the home improvement retailer’s stock worth $413,000 after acquiring an additional 55 shares during the period. Princeton Global Asset Management LLC lifted its stake in shares of Lowe’s Companies by 7.1% in the second quarter. Princeton Global Asset Management LLC now owns 3,161 shares of the home improvement retailer’s stock worth $701,000 after acquiring an additional 210 shares during the period. Finally, Schnieders Capital Management LLC lifted its stake in shares of Lowe’s Companies by 13.1% in the second quarter. Schnieders Capital Management LLC now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after acquiring an additional 275 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LOW shares. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Mizuho lifted their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Oppenheimer raised their target price on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. UBS Group raised their target price on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Sanford C. Bernstein raised their target price on Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. 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 MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $282.91.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $242.50 on Tuesday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $282.70. The stock has a 50 day moving average price of $255.26 and a two-hundred day moving average price of $234.91. The stock has a market capitalization of $136.00 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.27 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 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter last year, the firm posted $4.10 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company 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. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president 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 legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Over 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 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.