Lowe’s Companies, Inc. $LOW Shares Sold by Candriam S.C.A.

Candriam S.C.A. reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 45.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,084 shares of the home improvement retailer’s stock after selling 40,068 shares during the quarter. Candriam S.C.A.’s holdings in Lowe’s Companies were worth $10,669,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Lowe’s Companies by 0.4% during the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock worth $12,736,545,000 after purchasing an additional 230,359 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Lowe’s Companies by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock worth $2,732,049,000 after buying an additional 42,190 shares in the last quarter. Invesco Ltd. boosted its position in Lowe’s Companies by 10.6% in the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after buying an additional 501,154 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Lowe’s Companies by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock valued at $1,192,213,000 after acquiring an additional 330,701 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Lowe’s Companies by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock worth $881,406,000 after acquiring an additional 225,964 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $227.59 on Friday. The company’s fifty day moving average is $247.66 and its two-hundred day moving average is $237.29. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64. The stock has a market capitalization of $127.64 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

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

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Insider Buying and Selling

In related news, CEO Marvin R. Ellison sold 40,000 shares of the firm’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 sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LOW. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. Wells Fargo & Company decreased their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday. DA Davidson upped their price target on shares of Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Thursday. Finally, Stifel Nicolaus dropped their target price on shares of Lowe’s Companies from $275.00 to $230.00 and set a “hold” rating for the company in a research report on Friday. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $278.91.

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.