Lowe's Companies, Inc. $LOW Shares Sold by Franklin Street Advisors Inc. NC

Key Points

• Franklin Street Advisors cut its Lowe’s position by 55.8% in the second quarter, selling 35,541 shares and retaining 28,174 shares valued at about $6.2 million. Institutional investors collectively own 74.06% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $263.67, despite several recent target reductions. Lowe’s shares opened at $223.03, near their 50-day average and below the 200-day average.
• Lowe’s reported quarterly earnings and revenue above expectations, with revenue up 10.3% year over year, and raised its quarterly dividend from $1.20 to $1.25 per share, implying a 2.2% annual yield.

Franklin Street Advisors Inc. NC cut its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 55.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,174 shares of the home improvement retailer's stock after selling 35,541 shares during the period. Franklin Street Advisors Inc. NC's holdings in Lowe's Companies were worth $6,212,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its position in shares of Lowe's Companies by 3.5% during the 4th quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer's stock valued at $152,161,000 after buying an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in Lowe's Companies by 6.1% in the 4th quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer's stock worth $107,664,000 after acquiring an additional 25,609 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in Lowe's Companies by 133.9% in the 1st quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer's stock worth $2,222,000 after acquiring an additional 5,383 shares in the last quarter. Glenview Trust Co raised its position in Lowe's Companies by 9.0% during the fourth quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer's stock worth $50,112,000 after acquiring an additional 17,225 shares during the period. Finally, LPL Financial LLC lifted its holdings in Lowe's Companies by 2.3% during the fourth quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer's stock valued at $239,552,000 after purchasing an additional 22,175 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several analysts have recently issued reports on LOW shares. DA Davidson reiterated a "neutral" rating and issued a $275.00 target price on shares of Lowe's Companies in a research report on Wednesday, May 20th. Stifel Nicolaus decreased their price target on shares of Lowe's Companies from $270.00 to $220.00 and set a "hold" rating on the stock in a research note on Monday, May 18th. Jefferies Financial Group lowered their price objective on Lowe's Companies from $305.00 to $278.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. Telsey Advisory Group cut their price objective on Lowe's Companies from $295.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Finally, Truist Financial cut their price objective on Lowe's Companies from $280.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $263.67.

Lowe's Companies Stock Down 0.1%

Lowe's Companies stock opened at $223.03 on Monday. The company has a fifty day simple moving average of $214.99 and a 200-day simple moving average of $236.56. The firm has a market capitalization of $125.05 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.83 and a beta of 0.86. Lowe's Companies, Inc. has a 52-week low of $199.40 and a 52-week high of $293.06.

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

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd were paid a $1.25 dividend. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. Lowe's Companies's dividend payout ratio is 42.27%.

Lowe's Companies Company 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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe's Companies, Inc. (NYSE:LOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source