Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 2,865 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in Lowe's Companies by 0.8%, selling 2,865 shares during the second quarter, leaving them with a total of 334,635 shares valued at approximately $74.2 million.
• Multiple research firms have upgraded their ratings for Lowe's Companies, including Wall Street Zen which upgraded it to "buy" and Wells Fargo which increased its price target from $260 to $300.
• Lowe's has declared a quarterly dividend of $1.20 per share, set to be paid on November 5th, representing an annualized dividend yield of 2.0%.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 334,635 shares of the home improvement retailer's stock after selling 2,865 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.06% of Lowe's Companies worth $74,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LOW. Fairway Wealth LLC acquired a new stake in shares of Lowe's Companies in the first quarter worth $32,000. Olistico Wealth LLC acquired a new stake in shares of Lowe's Companies in the second quarter worth $33,000. TruNorth Capital Management LLC acquired a new stake in shares of Lowe's Companies in the first quarter worth $38,000. JNBA Financial Advisors lifted its stake in shares of Lowe's Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock worth $39,000 after buying an additional 100 shares during the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new stake in shares of Lowe's Companies in the first quarter worth $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on LOW. Wall Street Zen upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. Wells Fargo & Company upped their price objective on shares of Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Oppenheimer upped their price objective on shares of Lowe's Companies from $305.00 to $320.00 and gave the company an "outperform" rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Stifel Nicolaus upped their price objective on shares of Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research report on Monday, August 18th. Sixteen research 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $282.91.

Insider Buying and Selling at Lowe's Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

Lowe's Companies Stock Down 0.7%

Shares of Lowe's Companies stock opened at $243.54 on Thursday. The stock has a market capitalization of $136.59 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 2.27 and a beta of 0.88. The company has a 50-day simple moving average of $255.01 and a 200 day simple moving average of $235.04. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64.

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 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last 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. On average, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces 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 $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 (DPR) is 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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