Lowe's Companies, Inc. $LOW Shares Sold by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners LTD. sold 1,230 shares of Lowe's, decreasing its holdings by 3.4%, which valued at approximately $7.71 million at the end of the most recent reporting period.
• Insider transactions included EVP Brandon J. Sink selling 8,192 shares for about $2.2 million and CEO Marvin R. Ellison selling 40,000 shares for $10.56 million, representing significant decreases in their ownership.
• Analysts provided a range of price targets for Lowe's, with an average target of $282.91, and the company recently reported quarterly earnings of $4.33 per share, exceeding expectations.

Stratos Wealth Partners LTD. lessened its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,767 shares of the home improvement retailer's stock after selling 1,230 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Lowe's Companies were worth $7,714,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Lowe's Companies during the first quarter valued at $32,000. Olistico Wealth LLC acquired a new stake in Lowe's Companies during the second quarter valued at $33,000. Inlight Wealth Management LLC acquired a new stake in Lowe's Companies during the first quarter valued at $36,000. TruNorth Capital Management LLC purchased a new position in Lowe's Companies during the first quarter valued at $38,000. Finally, JNBA Financial Advisors lifted its holdings in Lowe's Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. 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 Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares of the company's stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $10,564,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 92,931 shares of company stock valued at $24,945,752. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LOW shares. Stifel Nicolaus increased their price objective on shares of Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a report on Monday, August 18th. Barclays set a $267.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. Guggenheim reaffirmed a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. Gordon Haskett raised shares of Lowe's Companies to a "hold" rating in a report on Wednesday, August 13th. Finally, KeyCorp increased their price objective on shares of Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Sixteen equities 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $282.91.

Lowe's Companies Trading Up 0.7%

NYSE:LOW opened at $244.81 on Friday. The company's 50-day moving average price is $255.21 and its 200-day moving average price is $234.69. The company has a market cap of $137.30 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.25 and a beta of 0.88. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $282.70.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts expect 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 declared 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. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is currently 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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