Stonebridge Financial Group LLC Has $4.86 Million Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Stonebridge Financial Group LLC increased its holdings in Lowe's Companies by 5.9%, owning 21,894 shares valued at approximately $4.86 million.
• Insider transactions were notable, with EVP Brandon J. Sink and CEO Marvin R. Ellison selling significant shares, reflecting a decrease in their positions by 27.49% and 13.84%, respectively.
• Lowe's Companies reported an EPS of $4.33 for the last quarter, exceeding analysts' expectations, alongside a quarterly dividend of $1.20 to be paid on November 5th.

Stonebridge Financial Group LLC raised its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,894 shares of the home improvement retailer's stock after acquiring an additional 1,217 shares during the quarter. Stonebridge Financial Group LLC's holdings in Lowe's Companies were worth $4,858,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Fairway Wealth LLC bought a new position in shares of Lowe's Companies in the first quarter valued at approximately $32,000. Olistico Wealth LLC bought a new position in shares of Lowe's Companies in the second quarter valued at approximately $33,000. Inlight Wealth Management LLC bought a new position in shares of Lowe's Companies in the first quarter valued at approximately $36,000. TruNorth Capital Management LLC bought a new position in shares of Lowe's Companies in the first quarter valued at approximately $38,000. Finally, JNBA Financial Advisors raised its position 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 purchasing an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Brandon J. Sink sold 8,192 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 21,603 shares of the company's stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the sale, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 Price Performance

Shares of Lowe's Companies stock opened at $234.59 on Friday. The firm has a market capitalization of $131.57 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 2.20 and a beta of 0.88. The company's fifty day moving average price is $254.80 and its two-hundred day moving average price is $234.37. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LOW. Wolfe Research began coverage on shares of Lowe's Companies in a research report on Wednesday, September 17th. They issued an "outperform" rating on the stock. Truist Financial lifted their price target on shares of Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. DA Davidson lifted their price target on shares of Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a research report on Thursday, August 21st. Barclays set a $267.00 target price on shares of Lowe's Companies in a research report on Thursday, August 21st. Finally, Robert W. Baird boosted their target price on shares of Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $283.13.

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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