Lowe's Companies, Inc. $LOW Shares Sold by 17 Capital Partners LLC

Key Points

• 17 Capital Partners LLC reduced its stake in Lowe's Companies by 39.1%, selling 1,950 shares, and now holds 3,033 shares valued at approximately $707,000.
• Several hedge funds, including Vanguard Group Inc. and Northern Trust Corp, have increased their holdings in Lowe's Companies, contributing to institutional ownership of 74.06% of the company's stock.
• Lowe's recently announced a quarterly dividend increase to $1.20, up from $1.15, reflecting a annual payout of $4.80 with a yield of 1.9%.

17 Capital Partners LLC decreased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 39.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,033 shares of the home improvement retailer's stock after selling 1,950 shares during the quarter. 17 Capital Partners LLC's holdings in Lowe's Companies were worth $707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Brighton Jones LLC raised its position in Lowe's Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after purchasing an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Lowe's Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after buying an additional 259 shares during the last quarter. Jump Financial LLC raised its position in Lowe's Companies by 54.8% during the 4th quarter. Jump Financial LLC now owns 8,560 shares of the home improvement retailer's stock worth $2,113,000 after buying an additional 3,032 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Lowe's Companies by 7.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 3,572 shares of the home improvement retailer's stock worth $882,000 after buying an additional 257 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Lowe's Companies by 26.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 263,239 shares of the home improvement retailer's stock worth $64,967,000 after buying an additional 55,446 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

NYSE:LOW traded up $5.3180 during mid-day trading on Tuesday, hitting $256.2080. 4,697,399 shares of the company's stock traded hands, compared to its average volume of 2,909,601. The firm's 50 day simple moving average is $227.78 and its 200 day simple moving average is $230.16. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The company has a market cap of $143.59 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.37 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.04. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The firm had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. During the same period last year, the firm posted $3.06 EPS. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.150-12.400 EPS. On average, research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were issued a dividend of $1.20 per share. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe's Companies's payout ratio is 39.77%.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the transaction, the executive vice president directly owned 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

LOW has been the subject of a number of analyst reports. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective for the company in a research report on Friday, April 25th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, May 21st. Robert W. Baird cut their price objective on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. DA Davidson cut their price objective on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. Finally, Truist Financial set a $264.00 price objective on shares of Lowe's Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.68.

Lowe's Companies 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.