KMG Fiduciary Partners LLC Sells 11,648 Shares of Lowe's Companies, Inc. $LOW

Key Points

• KMG Fiduciary Partners reduced its Lowe’s stake by 27.3% in the second quarter, selling 11,648 shares and retaining 30,991 shares valued at approximately $6.83 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $3.03, surpassing the $2.97 consensus estimate, while revenue rose 10.3% year over year to $23.08 billion. The company also increased its quarterly dividend to $1.25, producing a 2.3% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $263.67, although several firms recently lowered their targets. The stock opened at $218.42, below its 200-day moving average of $236.21.

KMG Fiduciary Partners LLC decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 27.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,991 shares of the home improvement retailer's stock after selling 11,648 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Lowe's Companies were worth $6,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Community Financial Services Group LLC lifted its holdings in shares of Lowe's Companies by 3.6% in the 2nd quarter. Community Financial Services Group LLC now owns 22,948 shares of the home improvement retailer's stock worth $5,093,000 after acquiring an additional 792 shares during the last quarter. Financial Management Professionals Inc. raised its position in Lowe's Companies by 12.1% in the 2nd quarter. Financial Management Professionals Inc. now owns 508 shares of the home improvement retailer's stock worth $112,000 after purchasing an additional 55 shares during the period. Vertrix Wealth Management LLC lifted its stake in Lowe's Companies by 1.6% in the second quarter. Vertrix Wealth Management LLC now owns 23,496 shares of the home improvement retailer's stock worth $5,181,000 after purchasing an additional 374 shares during the last quarter. Sax Wealth Advisors LLC boosted its position in Lowe's Companies by 40.9% during the second quarter. Sax Wealth Advisors LLC now owns 3,473 shares of the home improvement retailer's stock valued at $821,000 after buying an additional 1,009 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Lowe's Companies by 4.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,149 shares of the home improvement retailer's stock valued at $694,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

NYSE LOW opened at $218.42 on Tuesday. Lowe's Companies, Inc. has a fifty-two week low of $199.40 and a fifty-two week high of $293.06. The stock has a 50 day simple moving average of $215.20 and a two-hundred day simple moving average of $236.21. The stock has a market cap of $122.47 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 2.83 and a beta of 0.86.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.97 by $0.06. Lowe's Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the company earned $2.92 EPS. The business's quarterly revenue was up 10.3% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Sell-side analysts predict that Lowe's Companies, Inc. will post 12.46 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.20. The ex-dividend date was Wednesday, July 22nd. Lowe's Companies's dividend payout ratio (DPR) is presently 42.27%.

Analysts Set New Price Targets

LOW has been the topic of several analyst reports. Royal Bank Of Canada decreased their price objective on Lowe's Companies from $264.00 to $232.00 and set a "sector perform" rating on the stock in a report on Thursday, May 21st. Jefferies Financial Group dropped their target price on Lowe's Companies from $305.00 to $278.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Piper Sandler reduced their price target on Lowe's Companies from $300.00 to $276.00 and set an "overweight" rating on the stock in a research report on Thursday, May 21st. Robert W. Baird decreased their price target on Lowe's Companies from $320.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, May 21st. Finally, BTIG Research downgraded Lowe's Companies to a "reduce" rating in a research report on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $263.67.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the company's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the completion of the transaction, the executive vice president owned 20,220 shares of the company's stock, valued at $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by company insiders.

Lowe's Companies Profile

Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

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