Lowe's Companies, Inc. $LOW Shares Sold by Founders Capital Management

Key Points

• Founders Capital Management significantly reduced its stake in Lowe's Companies, Inc. by 81.5%, holding just 1,866 shares after selling 8,236 shares.
• Lowe's reported $4.33 earnings per share in its latest quarterly results, exceeding analyst estimates while also forecasting FY 2025 EPS guidance between 12.200-12.450.
• The company declared a quarterly dividend of $1.20 per share, representing an annual yield of 1.9% and a payout ratio of 39.44%.

Founders Capital Management cut its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 81.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,866 shares of the home improvement retailer's stock after selling 8,236 shares during the period. Founders Capital Management's holdings in Lowe's Companies were worth $414,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LOW. Fairway Wealth LLC purchased a new position in shares of Lowe's Companies during the first quarter worth $32,000. Inlight Wealth Management LLC purchased a new position in shares of Lowe's Companies during the first quarter worth $36,000. IFS Advisors LLC boosted its position in shares of Lowe's Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after buying an additional 60 shares during the period. TruNorth Capital Management LLC acquired a new stake in shares of Lowe's Companies in the first quarter valued at $38,000. Finally, JNBA Financial Advisors raised 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 valued at $39,000 after acquiring an additional 100 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

Shares of LOW stock opened at $251.20 on Wednesday. The stock's 50-day moving average is $252.74 and its two-hundred day moving average is $233.68. The firm has a market cap of $140.88 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.34 and a beta of 0.87. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the company posted $4.10 earnings per share. 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. As a group, research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Citigroup reduced their price objective on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Wolfe Research assumed coverage on Lowe's Companies in a research note on Wednesday, September 17th. They issued an "outperform" rating on the stock. Royal Bank Of Canada increased their price objective on Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday, August 21st. Truist Financial increased their price objective on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, Wells Fargo & Company increased their price objective on Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $285.50.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 929 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company's stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value 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. This represents a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company's stock.

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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