HBW Advisory Services LLC Sells 1,198 Shares of Lowe's Companies, Inc. $LOW

Key Points

• HBW Advisory Services LLC reduced its holdings in Lowe's Companies, Inc. by 10.0%, selling 1,198 shares and now owns 10,827 shares valued at approximately $2.4 million.
• Multiple institutional investors have increased their stakes in Lowe's, indicating strong interest, with overall institutional ownership now at 74.06%.
• Lowe's Companies announced a new quarterly dividend of $0.012, reflecting a 0.0% dividend yield, with the ex-dividend date on October 22.

HBW Advisory Services LLC lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,827 shares of the home improvement retailer's stock after selling 1,198 shares during the quarter. HBW Advisory Services LLC's holdings in Lowe's Companies were worth $2,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Second Line Capital LLC raised its holdings in shares of Lowe's Companies by 0.9% in the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock valued at $1,183,000 after buying an additional 44 shares during the period. Vertex Planning Partners LLC raised its holdings in shares of Lowe's Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock valued at $369,000 after buying an additional 44 shares during the period. Quadcap Wealth Management LLC raised its holdings in shares of Lowe's Companies by 0.5% in the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer's stock valued at $2,189,000 after buying an additional 46 shares during the period. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Lowe's Companies by 0.8% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock valued at $1,357,000 after buying an additional 47 shares during the period. Finally, Fielder Capital Group LLC raised its holdings in shares of Lowe's Companies by 5.9% in the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock valued at $202,000 after buying an additional 48 shares during the period. Institutional investors own 74.06% of the company's stock.

Insiders Place Their Bets

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction dated 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 owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated Tuesday, August 26th. The shares were 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 in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on LOW. Piper Sandler boosted their price objective on Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Barclays set a $267.00 price objective on Lowe's Companies in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their price target on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Sanford C. Bernstein upped their price target on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, Truist Financial upped their price target on Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $284.13.

Lowe's Companies Price Performance

Shares of NYSE LOW opened at $271.89 on Friday. The stock's 50-day moving average is $243.26 and its two-hundred day moving average is $231.83. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The company has a market cap of $152.48 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter in the prior year, the business posted $4.10 EPS. The business's revenue for the quarter was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts anticipate 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. Stockholders of record on Wednesday, October 22nd will be issued a $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe's Companies's dividend payout ratio is presently 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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