Atria Wealth Solutions Inc. Cuts Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Lowe's Companies, Inc. by 69.1% in Q2, holding 10,050 shares after selling 22,467 shares, valued at approximately $2.23 million.
• Corporate insiders, including EVP Joseph Michael Mcfarland and CEO Marvin R. Ellison, have sold significant amounts of stock, with sales totaling over $24.9 million in the last quarter.
• Lowe's declared a quarterly dividend of $1.20 per share, set to be paid on November 5th, indicating a 2.0% dividend yield based on its stock price.

Atria Wealth Solutions Inc. lowered its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 69.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,050 shares of the home improvement retailer's stock after selling 22,467 shares during the period. Atria Wealth Solutions Inc.'s holdings in Lowe's Companies were worth $2,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of Lowe's Companies in the 1st quarter worth approximately $32,000. Olistico Wealth LLC purchased a new stake in shares of Lowe's Companies in the 2nd quarter worth approximately $33,000. Inlight Wealth Management LLC purchased a new stake in shares of Lowe's Companies in the 1st quarter worth approximately $36,000. TruNorth Capital Management LLC purchased a new stake in shares of Lowe's Companies in the 1st quarter worth approximately $38,000. Finally, JNBA Financial Advisors grew its stake in shares of Lowe's Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock worth $39,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insider Transactions at Lowe's Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm'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 directly owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. 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. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on LOW. Guggenheim restated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, August 21st. Wolfe Research initiated coverage on Lowe's Companies in a research note on Wednesday, September 17th. They set an "outperform" rating on the stock. DA Davidson increased their target price on Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Evercore ISI cut their target price on Lowe's Companies from $250.00 to $245.00 and set an "in-line" rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $282.91.

Lowe's Companies Price Performance

LOW stock opened at $241.76 on Thursday. The company has a market cap of $135.59 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.23 and a beta of 0.88. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $285.24. The stock's fifty day moving average price is $255.05 and its 200-day moving average price is $234.55.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

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 paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is 39.44%.

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.

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