Private Trust Co. NA Sells 1,109 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Private Trust Co. NA has reduced its stake in Lowe's Companies, Inc. by 14.7%, now owning 6,454 shares after selling 1,109 shares in the second quarter.
• Lowe's reported an EPS of $4.33 for the last quarter, exceeding analyst estimates, and anticipates a FY 2025 EPS guidance of 12.200-12.450.
• The company declared a quarterly dividend of $1.20 per share, with a yield of 2.0%, to be paid on November 5th to shareholders of record on October 22nd.

Private Trust Co. NA lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,454 shares of the home improvement retailer's stock after selling 1,109 shares during the quarter. Private Trust Co. NA's holdings in Lowe's Companies were worth $1,432,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC grew its position in shares of Lowe's Companies by 3.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer's stock valued at $2,859,000 after acquiring an additional 465 shares during the period. Larson Financial Group LLC grew its holdings in Lowe's Companies by 8.1% during the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer's stock valued at $3,860,000 after purchasing an additional 1,242 shares during the period. Advent Capital Management DE increased its position in Lowe's Companies by 20.0% in the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer's stock worth $4,198,000 after buying an additional 3,000 shares during the last quarter. Cornerstone Wealth Group LLC raised its stake in shares of Lowe's Companies by 12.6% in the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock valued at $6,848,000 after buying an additional 3,295 shares during the period. Finally, Strathmore Capital Advisors Inc. bought a new stake in shares of Lowe's Companies in the second quarter valued at $2,717,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of Lowe's Companies stock opened at $244.81 on Friday. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $282.70. The firm has a market cap of $137.30 billion, a PE ratio of 20.12, a PEG ratio of 2.25 and a beta of 0.88. The company has a 50 day simple moving average of $255.21 and a two-hundred day simple moving average of $234.69.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued 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 firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. KeyCorp increased their price target on Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" rating in a research note 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 report on Thursday, September 25th. Citigroup reduced their target price on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Barclays set a $267.00 price target on shares of Lowe's Companies in a research note on Thursday, August 21st. Finally, Mizuho raised their price objective on shares of Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Sixteen equities research 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $282.91.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company's stock, valued at $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction that occurred 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 directly owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% 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 worth $24,945,752. 0.27% of the stock is currently owned by company insiders.

Lowe's Companies 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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