Focus Partners Advisor Solutions LLC Has $2.33 Million Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• Focus Partners Advisor Solutions LLC reduced its stake in Lowe's Companies by 15.7%, selling 1,861 shares during the first quarter, resulting in a total of 9,969 shares valued at approximately $2.3 million.
• Lowe's Companies reported earnings of $4.33 per share for the latest quarter, which exceeded analysts' expectations and marked a year-over-year increase from $4.10 EPS, despite slightly missing revenue expectations.
• The company also recently declared a quarterly dividend of $0.012, reflecting a minimal annualized dividend yield of 0.0%, showing an ongoing strategic shift in capital allocation.

Focus Partners Advisor Solutions LLC lessened its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,969 shares of the home improvement retailer's stock after selling 1,861 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Lowe's Companies were worth $2,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Lowe's Companies during the first quarter valued at $681,215,000. Pacer Advisors Inc. lifted its holdings in shares of Lowe's Companies by 2,984.6% during the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer's stock valued at $475,339,000 after acquiring an additional 1,971,996 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Lowe's Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock valued at $386,540,000 after acquiring an additional 1,651,170 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Lowe's Companies by 1,048.5% during the first quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer's stock valued at $172,527,000 after acquiring an additional 675,318 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Lowe's Companies during the fourth quarter valued at $159,029,000. Institutional investors own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the transaction, the chief executive officer owned 249,043 shares of the company's stock, valued at $65,772,256.30. This represents a 13.84% 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 929 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Lowe's Companies Stock Up 2.1%

Shares of LOW traded up $5.43 on Friday, hitting $270.00. The company's stock had a trading volume of 4,488,216 shares, compared to its average volume of 2,892,729. The firm's fifty day moving average price is $238.85 and its 200-day moving average price is $230.85. 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 market capitalization of $151.42 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.45 and a beta of 0.87.

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

Lowe's Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe's Companies's payout ratio is currently 39.44%.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. DA Davidson lifted their price target on Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Sanford C. Bernstein lifted their price target on Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Wells Fargo & Company lifted their price target on Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Mizuho lifted their price objective on Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.13.

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.