City Holding Co. Trims Position in Lowe’s Companies, Inc. $LOW

City Holding Co. reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,074 shares of the home improvement retailer’s stock after selling 439 shares during the period. Lowe’s Companies accounts for 1.4% of City Holding Co.’s holdings, making the stock its 13th biggest holding. City Holding Co.’s holdings in Lowe’s Companies were worth $10,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Lowe’s Companies during the 1st quarter worth $681,215,000. Pacer Advisors Inc. lifted its stake in Lowe’s Companies by 2,984.6% in the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock worth $475,339,000 after acquiring an additional 1,971,996 shares during the period. GAMMA Investing LLC increased its position in Lowe’s Companies by 26,796.0% during the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer’s stock valued at $386,540,000 after purchasing an additional 1,651,170 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Lowe’s Companies by 1,048.5% during the first quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer’s stock worth $172,527,000 after buying an additional 675,318 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Lowe’s Companies by 49.0% in the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock worth $438,751,000 after acquiring an additional 618,775 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. Oppenheimer raised their target price on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday. Mizuho upped their price target on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. UBS Group upped their target price on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Robert W. Baird boosted their target price on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report 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, the stock has an average rating of “Moderate Buy” and an average price target of $285.50.

Lowe’s Companies Trading Up 0.6%

Shares of NYSE:LOW opened at $257.18 on Friday. The business has a 50 day moving average of $251.61 and a two-hundred day moving average of $233.28. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The company has a market capitalization of $144.23 billion, a PE ratio of 21.13, a PEG ratio of 2.38 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released its quarterly 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 analysts’ expectations of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe’s Companies’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts predict 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. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Insider Transactions at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies 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 sale, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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.

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.