Alpha Omega Wealth Management LLC Sells 3,533 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Alpha Omega Wealth Management LLC decreased its holdings in Lowe's Companies, Inc. by 28.6%, selling 3,533 shares and owning 8,814 shares valued at approximately $1,956,000 as per the latest SEC filing.
• Despite the sale of shares by some insiders, analyst ratings for Lowe’s remain positive, with multiple firms upgrading their target prices and maintaining a consensus rating of "Moderate Buy."
• The company reported an earnings per share (EPS) of $4.33 for the last quarter, surpassing analysts' expectations, and indicated a cautious FY 2025 guidance with an EPS forecast of 12.200-12.450.

Alpha Omega Wealth Management LLC decreased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 28.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,814 shares of the home improvement retailer's stock after selling 3,533 shares during the quarter. Alpha Omega Wealth Management LLC's holdings in Lowe's Companies were worth $1,956,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of 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 buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after buying an additional 259 shares during the period. Putney Financial Group LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at $49,000. Ascent Group LLC increased its stake in shares of Lowe's Companies by 3.7% in the 4th quarter. Ascent Group LLC now owns 4,322 shares of the home improvement retailer's stock valued at $1,067,000 after buying an additional 153 shares during the period. Finally, Garde Capital Inc. increased its stake in shares of Lowe's Companies by 31.5% in the 4th quarter. Garde Capital Inc. now owns 584 shares of the home improvement retailer's stock valued at $144,000 after buying an additional 140 shares during the period. Institutional investors own 74.06% of the company's stock.

Insider Transactions at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction dated 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 in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. In 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 company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LOW. Piper Sandler lifted their target price on Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Sanford C. Bernstein lifted their target price on Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Truist Financial lifted their target price on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Robert W. Baird lifted their target price on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $284.88.

Lowe's Companies Price Performance

Shares of Lowe's Companies stock opened at $260.86 on Tuesday. The firm has a market cap of $146.30 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 2.45 and a beta of 0.87. The stock's 50-day moving average is $248.40 and its 200-day moving average is $232.62. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $0.012 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's payout ratio is 39.44%.

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.

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