J. Safra Sarasin Holding AG Trims Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Lowe's Companies by 6.8% in the second quarter, by selling 10,549 shares, and now owns 144,022 shares valued at approximately $31.95 million.
• Lowe's reported an earnings per share (EPS) of $4.33, exceeding estimates, with a revenue of $23.96 billion but falling short of expectations of $23.99 billion for the quarter.
• A quarterly dividend of $1.20 per share was announced, reflecting an annualized dividend of $4.80 and a yield of 1.9%.

J. Safra Sarasin Holding AG decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 144,022 shares of the home improvement retailer's stock after selling 10,549 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Lowe's Companies were worth $31,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LOW. DMKC Advisory Services LLC boosted its position in Lowe's Companies by 10.6% during the second quarter. DMKC Advisory Services LLC now owns 8,560 shares of the home improvement retailer's stock worth $1,871,000 after acquiring an additional 819 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Lowe's Companies by 0.8% during the second quarter. Naples Global Advisors LLC now owns 8,604 shares of the home improvement retailer's stock worth $1,909,000 after purchasing an additional 65 shares during the last quarter. Pure Financial Advisors LLC grew its position in shares of Lowe's Companies by 829.9% in the second quarter. Pure Financial Advisors LLC now owns 24,567 shares of the home improvement retailer's stock valued at $5,451,000 after purchasing an additional 21,925 shares during the period. BSW Wealth Partners increased its stake in Lowe's Companies by 2.3% in the second quarter. BSW Wealth Partners now owns 2,583 shares of the home improvement retailer's stock valued at $573,000 after purchasing an additional 57 shares during the last quarter. Finally, Community Financial Services Group LLC increased its stake in Lowe's Companies by 2.4% in the second quarter. Community Financial Services Group LLC now owns 20,177 shares of the home improvement retailer's stock valued at $4,477,000 after purchasing an additional 482 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Trading Down 1.3%

NYSE:LOW opened at $248.12 on Thursday. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The firm has a market capitalization of $139.16 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.33 and a beta of 0.88. The firm's fifty day simple moving average is $253.13 and its 200 day simple moving average is $233.78.

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 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's payout ratio is presently 39.44%.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent analyst reports. UBS Group lifted their price target on Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Robert W. Baird boosted their target price on shares of Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Mizuho increased their price target on shares of Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Wolfe Research assumed coverage on shares of Lowe's Companies in a research note on Wednesday, September 17th. They set an "outperform" rating for the company. Finally, Barclays set a $267.00 target price on Lowe's Companies in a research report on Thursday, August 21st. 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 company. According to data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $285.50.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm'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 transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by insiders.

Lowe's Companies Company 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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