Ransom Advisory Ltd Sells 73 Shares of Lowe’s Companies, Inc. $LOW

Ransom Advisory Ltd lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,240 shares of the home improvement retailer’s stock after selling 73 shares during the quarter. Lowe’s Companies accounts for approximately 1.2% of Ransom Advisory Ltd’s portfolio, making the stock its 19th largest holding. Ransom Advisory Ltd’s holdings in Lowe’s Companies were worth $2,494,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC bought a new position in Lowe’s Companies in the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new position in Lowe’s Companies in the first quarter valued at $32,000. Orion Capital Management LLC bought a new position in Lowe’s Companies in the fourth quarter valued at $36,000. Inlight Wealth Management LLC bought a new position in Lowe’s Companies in the first quarter valued at $36,000. Finally, IFS Advisors LLC increased its stake in Lowe’s Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.2%

Lowe’s Companies stock opened at $271.89 on Monday. The firm has a 50-day moving average of $243.26 and a 200-day moving average of $231.63. The firm has a market cap of $152.48 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.52 and a beta of 0.87. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year 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, topping analysts’ consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion during 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 revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior 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 forecast 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 declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors 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 of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research analyst reports. Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. Stifel Nicolaus upped their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research report on Monday, August 18th. Citigroup cut 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. Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Finally, Barclays set a $267.00 price target on shares of Lowe’s Companies 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 stock. Based on data from MarketBeat.com, the stock 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.