Kanawha Capital Management LLC Sells 1,360 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Kanawha Capital Management LLC reduced its stake in Lowe's Companies, Inc. by 0.8% in the second quarter, selling 1,360 shares and maintaining a total of 171,672 shares valued at approximately $38 million.
• Insider trading activity included significant sales by executives, with EVP Joseph Michael McFarland selling 43,810 shares for about $11.94 million, representing a 39.69% decrease in his position.
• Lowe's reported a quarterly earnings per share of $4.33, beating estimates, while also announcing a quarterly dividend of $1.20 to be paid on November 5th.

Kanawha Capital Management LLC decreased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 171,672 shares of the home improvement retailer's stock after selling 1,360 shares during the quarter. Lowe's Companies makes up about 2.8% of Kanawha Capital Management LLC's holdings, making the stock its 6th biggest position. Kanawha Capital Management LLC's holdings in Lowe's Companies were worth $38,089,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Vertex Planning Partners LLC increased its stake in shares of Lowe's Companies by 2.9% during the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock worth $369,000 after purchasing an additional 44 shares during the last quarter. Quadcap Wealth Management LLC increased its stake in shares of Lowe's Companies by 0.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer's stock worth $2,189,000 after purchasing an additional 46 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of Lowe's Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock worth $1,357,000 after purchasing an additional 47 shares during the last quarter. Appleton Partners Inc. MA increased its stake in shares of Lowe's Companies by 1.5% during the 2nd quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer's stock worth $713,000 after purchasing an additional 47 shares during the last quarter. Finally, Fielder Capital Group LLC boosted its holdings in shares of Lowe's Companies by 5.9% during the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock worth $202,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction on 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. This represents a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

LOW has been the subject of several recent analyst reports. DA Davidson upped their price objective on shares of Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Lowe's Companies in a report on Wednesday, October 8th. Oppenheimer upped their price objective on shares of Lowe's Companies from $305.00 to $320.00 and gave the stock an "outperform" rating in a report on Thursday, September 25th. Mizuho upped their price objective on shares of Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Finally, Stifel Nicolaus upped their price objective on shares of Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a report on Monday, August 18th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $282.91.

Lowe's Companies Price Performance

Shares of Lowe's Companies stock opened at $244.81 on Friday. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $282.70. The firm has a fifty day moving average price of $255.21 and a two-hundred day moving average price of $234.69. The company has a market cap of $137.30 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts' consensus estimates of $4.24 by $0.09. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the prior year, the firm earned $4.10 EPS. The business's revenue 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. Analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

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 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 currently 39.44%.

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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