Venturi Wealth Management LLC Sells 1,070 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Venturi Wealth Management LLC reduced its stake in Lowe's Companies by 7.5%, selling 1,070 shares, and now holds 13,116 shares worth approximately $2.91 million.
• As of the latest reports, Wall Street analysts have a consensus rating of "Moderate Buy" for Lowe's Companies, with a target price averaging $283.83.
• Lowe's Companies recently announced a quarterly dividend of $1.20 per share, representing an annualized yield of 2.0%, with the ex-dividend date set for October 22nd.

Venturi Wealth Management LLC reduced its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,116 shares of the home improvement retailer's stock after selling 1,070 shares during the quarter. Venturi Wealth Management LLC's holdings in Lowe's Companies were worth $2,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in Lowe's Companies in the 1st quarter worth approximately $681,215,000. Pacer Advisors Inc. raised its holdings in Lowe's Companies by 2,984.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer's stock worth $475,339,000 after acquiring an additional 1,971,996 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Lowe's Companies by 1,048.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer's stock worth $172,527,000 after acquiring an additional 675,318 shares during the last quarter. Wellington Management Group LLP raised its holdings in Lowe's Companies by 49.0% in the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer's stock worth $438,751,000 after acquiring an additional 618,775 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Lowe's Companies by 10.6% in the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer's stock worth $1,214,448,000 after acquiring an additional 501,154 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Evercore ISI decreased their price objective on shares of Lowe's Companies from $275.00 to $250.00 and set an "in-line" rating for the company in a report on Tuesday. Wall Street Zen upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Wolfe Research assumed coverage on shares of Lowe's Companies in a report on Wednesday, September 17th. They issued an "outperform" rating for the company. Finally, Truist Financial boosted their target price on shares of Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $283.83.

Lowe's Companies Trading Down 0.9%

Shares of LOW opened at $239.58 on Wednesday. The firm has a market cap of $134.36 billion, a PE ratio of 19.69, a P/E/G ratio of 2.24 and a beta of 0.88. The firm has a fifty day simple moving average of $254.37 and a two-hundred day simple moving average of $234.34. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts' consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion during 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 company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently disclosed 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 is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is 39.44%.

Insider Buying and Selling

In other news, EVP Brandon J. Sink sold 8,192 shares of the company'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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company's stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company's stock.

Lowe's Companies Company 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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