Clifford Swan Investment Counsel LLC lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,687 shares of the home improvement retailer's stock after selling 2,406 shares during the period. Lowe's Companies accounts for about 1.6% of Clifford Swan Investment Counsel LLC's investment portfolio, making the stock its 12th biggest holding. Clifford Swan Investment Counsel LLC's holdings in Lowe's Companies were worth $45,192,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fairway Wealth LLC purchased a new stake in shares of Lowe's Companies during the 1st quarter worth $32,000. Olistico Wealth LLC bought a new position in Lowe's Companies in the second quarter worth about $33,000. TruNorth Capital Management LLC purchased a new stake in shares of Lowe's Companies during the first quarter valued at about $38,000. JNBA Financial Advisors boosted its holdings 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 valued at $39,000 after buying an additional 100 shares in the last quarter. Finally, Vista Cima Wealth Management LLC purchased a new position in shares of Lowe's Companies in the 1st quarter worth approximately $44,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares of the company's stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business's stock in a transaction on 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 completion of the transaction, the executive vice president owned 66,566 shares of the company's stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. 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 ninety days. 0.27% of the stock is owned by corporate insiders.
Lowe's Companies Price Performance
LOW stock opened at $243.54 on Thursday. The firm's fifty day simple moving average is $255.01 and its 200-day simple moving average is $235.04. The company has a market capitalization of $136.59 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 2.27 and a beta of 0.88. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64.
Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion during 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 firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.
Lowe's Companies Announces Dividend
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.0%. Lowe's Companies's dividend payout ratio is presently 39.44%.
Wall Street Analyst Weigh In
A number of research firms recently commented on LOW. Sanford C. Bernstein increased their target price on shares of Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Barclays set a $267.00 price target on Lowe's Companies in a research report on Thursday, August 21st. Guggenheim reissued a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 21st. Wolfe Research began coverage on Lowe's Companies in a research note on Wednesday, September 17th. They set an "outperform" rating on the stock. Finally, Citigroup decreased their price target on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $282.91.
Read Our Latest Analysis on LOW
Lowe's Companies Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe's Companies, Inc. (NYSE:LOW - Free Report).
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