Lowe's Companies, Inc. $LOW Stake Lessened by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC reduced its stake in Lowe's Companies by 4.8%, now holding 96,558 shares valued at approximately $21.4 million, making it the 28th largest holding in their portfolio.
• CEO Marvin R. Ellison sold 40,000 shares for over $10.5 million, resulting in a 13.84% decrease in his shares, while executive VP Brandon J. Sink also sold shares, reducing his position by 27.49%.
• Lowe's Companies announced a quarterly dividend of $1.20 per share to be paid on November 5th, reflecting an annualized yield of 2.0% and a payout ratio of 39.44%.

Applied Finance Capital Management LLC lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,558 shares of the home improvement retailer's stock after selling 4,835 shares during the quarter. Lowe's Companies makes up approximately 1.5% of Applied Finance Capital Management LLC's holdings, making the stock its 28th biggest holding. Applied Finance Capital Management LLC's holdings in Lowe's Companies were worth $21,424,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LOW. Fairway Wealth LLC bought a new position in Lowe's Companies during the first quarter worth $32,000. Olistico Wealth LLC acquired a new stake in shares of Lowe's Companies during the second quarter worth $33,000. Inlight Wealth Management LLC acquired a new stake in shares of Lowe's Companies during the first quarter worth $36,000. TruNorth Capital Management LLC bought a new position in shares of Lowe's Companies in the 1st quarter worth about $38,000. Finally, JNBA Financial Advisors boosted its holdings in shares of Lowe's Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock valued at $39,000 after buying an additional 100 shares during the period. Institutional investors own 74.06% of the company's stock.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 value of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by company insiders.

Lowe's Companies Stock Up 0.7%

LOW stock opened at $243.11 on Friday. The company has a 50-day simple moving average of $255.14 and a 200 day simple moving average of $234.62. The company has a market capitalization of $136.34 billion, a P/E ratio of 19.98, a PEG ratio of 2.24 and a beta of 0.88. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $285.24.

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 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The company 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%. Lowe's Companies's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is 39.44%.

Analyst Ratings Changes

A number of brokerages have commented on LOW. DA Davidson lifted their target price on Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Citigroup cut their price target on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Truist Financial boosted their price objective on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. increased their target price on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company raised their target price 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 issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $282.91.

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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