Blair William & Co. IL Sells 8,857 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Blair William & Co. IL reduced its stake in Lowe's Companies, Inc. by 2.8%, selling 8,857 shares in the second quarter, leaving them with approximately 0.06% ownership valued at $69.4 million.
• Lowe's reported earnings of $4.33 EPS for the last quarter, slightly exceeding analysts' expectations, with revenue of $23.96 billion, indicating a year-over-year growth of 1.6%.
• The company recently declared a quarterly dividend of $1.20, representing a 2.0% dividend yield, with the payout ratio at 39.44%.

Blair William & Co. IL lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 313,010 shares of the home improvement retailer's stock after selling 8,857 shares during the quarter. Blair William & Co. IL owned approximately 0.06% of Lowe's Companies worth $69,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Lowe's Companies by 119.7% during the fourth 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 grew its holdings in shares of 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 acquiring an additional 259 shares during the period. Farther Finance Advisors LLC raised its position in shares of Lowe's Companies by 54.9% in the 1st quarter. Farther Finance Advisors LLC now owns 12,808 shares of the home improvement retailer's stock worth $2,997,000 after acquiring an additional 4,540 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of Lowe's Companies by 3.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,339 shares of the home improvement retailer's stock valued at $1,945,000 after purchasing an additional 257 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Lowe's Companies by 15.3% in the 1st quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer's stock valued at $1,657,000 after purchasing an additional 944 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

NYSE:LOW opened at $237.62 on Thursday. The firm has a market cap of $133.26 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.22 and a beta of 0.88. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The firm has a 50-day simple moving average of $254.58 and a two-hundred day simple moving average of $234.36.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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 firm had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior 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 research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The firm 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. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe's Companies's payout ratio is currently 39.44%.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 over the last three months. Company insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. KeyCorp upped their price target on Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Royal Bank Of Canada upped their target price on shares of Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 21st. Barclays set a $267.00 price target on shares of Lowe's Companies in a research report on Thursday, August 21st. Wall Street Zen upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Finally, Truist Financial lifted their target price on shares of Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Sixteen 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's stock. According to data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $283.13.

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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