Beverly Hills Private Wealth LLC Has $1.19 Million Position in Lowe's Companies, Inc. $LOW

Key Points

• Beverly Hills Private Wealth LLC cut its Lowe’s stake by 60.2% in the second quarter, selling 8,170 shares and retaining 5,406 shares valued at approximately $1.19 million.
• Institutional investors and hedge funds own 74.06% of Lowe’s shares, while company insiders sold 25,980 shares worth about $5.8 million during the latest quarter.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $262.63. Lowe’s recently reported quarterly revenue of $23.08 billion, raised its quarterly dividend to $1.25 per share, and shares opened at $215.67.

Beverly Hills Private Wealth LLC lessened its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 60.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,406 shares of the home improvement retailer's stock after selling 8,170 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in Lowe's Companies were worth $1,192,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LOW. Vanguard Group Inc. lifted its holdings in shares of Lowe's Companies by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer's stock worth $13,560,617,000 after purchasing an additional 924,625 shares during the period. State Street Corp increased its holdings in Lowe's Companies by 0.5% in the third quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer's stock valued at $6,291,867,000 after purchasing an additional 124,501 shares during the period. Geode Capital Management LLC increased its holdings in Lowe's Companies by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer's stock valued at $3,201,329,000 after purchasing an additional 887,579 shares during the period. Norges Bank bought a new position in Lowe's Companies during the 4th quarter worth $1,993,697,000. Finally, Northern Trust Corp raised its position in Lowe's Companies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer's stock worth $1,716,467,000 after purchasing an additional 103,827 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Janice Dupre sold 14,150 shares of Lowe's Companies stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the sale, the executive vice president owned 39,785 shares in the company, valued at $8,828,291.50. The trade was a 26.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of the business's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. The trade was a 36.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 25,980 shares of company stock worth $5,796,937 in the last quarter. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on LOW shares. Wolfe Research set a $254.00 price target on Lowe's Companies in a research report on Thursday, May 21st. Wells Fargo & Company decreased their price target on Lowe's Companies from $255.00 to $245.00 and set an "overweight" rating for the company in a research note on Tuesday, August 11th. Stifel Nicolaus lowered their price objective on Lowe's Companies from $270.00 to $220.00 and set a "hold" rating for the company in a research report on Monday, May 18th. Mizuho cut their price objective on Lowe's Companies from $294.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, May 21st. Finally, DA Davidson reiterated a "neutral" rating and issued a $275.00 target price on shares of Lowe's Companies in a report on Wednesday, May 20th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $262.63.

Lowe's Companies Price Performance

Shares of NYSE:LOW opened at $215.67 on Tuesday. Lowe's Companies, Inc. has a 1 year low of $199.40 and a 1 year high of $293.06. The business's 50-day moving average is $216.15 and its 200-day moving average is $234.16. The company has a market capitalization of $120.93 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 2.79 and a beta of 0.86.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.97 by $0.06. Lowe's Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business had revenue of $23.08 billion during the quarter, compared to analysts' expectations of $22.98 billion. During the same quarter last year, the firm posted $2.92 earnings per share. The firm's revenue was up 10.3% on a year-over-year basis. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Analysts anticipate that Lowe's Companies, Inc. will post 12.43 EPS for the current year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were given a dividend of $1.25 per share. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Lowe's Companies's payout ratio is 42.27%.

About Lowe's Companies

Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

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