Canandaigua National Bank & Trust Co. Has $3.08 Million Stake in Lowe’s Companies, Inc. $LOW

Canandaigua National Bank & Trust Co. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 6.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,858 shares of the home improvement retailer’s stock after acquiring an additional 888 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Lowe’s Companies were worth $3,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Paladin Wealth LLC lifted its position in shares of Lowe’s Companies by 21.5% in the second quarter. Paladin Wealth LLC now owns 4,494 shares of the home improvement retailer’s stock valued at $997,000 after buying an additional 794 shares during the last quarter. Ballew Advisors Inc acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $204,000. RMR Wealth Builders lifted its position in shares of Lowe’s Companies by 5.1% in the second quarter. RMR Wealth Builders now owns 2,938 shares of the home improvement retailer’s stock valued at $652,000 after buying an additional 142 shares during the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $47,000. Finally, Heartwood Wealth Advisors LLC lifted its position in shares of Lowe’s Companies by 4.8% in the second quarter. Heartwood Wealth Advisors LLC now owns 5,045 shares of the home improvement retailer’s stock valued at $1,119,000 after buying an additional 232 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies 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 transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have 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 Stock Performance

NYSE:LOW opened at $271.89 on Monday. The stock has a fifty day moving average price of $243.26 and a 200-day moving average price of $231.63. The company has a market cap of $152.48 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.52 and a beta of 0.87. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released 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 firm had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Cuts 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 $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Analysts Set New Price Targets

Several research firms recently weighed in on LOW. Stifel Nicolaus lifted their price target on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a report on Monday, August 18th. Citigroup dropped their price target on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Truist Financial lifted their price target on Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $284.13.

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.