Lowe’s Companies, Inc. $LOW Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,133 shares of the home improvement retailer’s stock after selling 1,314 shares during the period. Confluence Investment Management LLC’s holdings in Lowe’s Companies were worth $50,394,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Second Line Capital LLC grew its stake in Lowe’s Companies by 0.9% in the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock worth $1,183,000 after acquiring an additional 44 shares during the period. Vertex Planning Partners LLC grew its stake in Lowe’s Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after acquiring an additional 44 shares during the period. Quadcap Wealth Management LLC grew its stake in Lowe’s Companies by 0.5% in the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock worth $2,189,000 after acquiring an additional 46 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its stake in Lowe’s Companies by 0.8% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock worth $1,357,000 after acquiring an additional 47 shares during the period. Finally, Fielder Capital Group LLC grew its stake in Lowe’s Companies by 5.9% in the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock worth $202,000 after acquiring an additional 48 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the business’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 completion of the transaction, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. This represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 0.2%

NYSE:LOW opened at $271.89 on Friday. The firm has a market capitalization of $152.48 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.52 and a beta of 0.87. The firm’s fifty day simple moving average is $243.26 and its 200 day simple moving average is $231.83. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.09. The business 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%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $0.012 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe’s Companies’s payout ratio is presently 39.44%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup lowered their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company boosted their price objective on shares of Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Piper Sandler boosted 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 note on Thursday, August 21st. Finally, KeyCorp boosted their price objective on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research note 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 given a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $284.13.

About Lowe’s Companies

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.