Lowe’s Companies, Inc. $LOW Stock Holdings Lessened by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,503 shares of the home improvement retailer’s stock after selling 128 shares during the period. Lowe’s Companies makes up approximately 4.5% of Crowley Wealth Management Inc.’s holdings, making the stock its 5th biggest holding. Crowley Wealth Management Inc.’s holdings in Lowe’s Companies were worth $4,993,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LOW. Nuveen LLC purchased a new stake in shares of Lowe’s Companies during the 1st quarter worth approximately $681,215,000. Pacer Advisors Inc. raised its holdings in Lowe’s Companies by 2,984.6% during the 1st quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock valued at $475,339,000 after buying an additional 1,971,996 shares during the period. GAMMA Investing LLC raised its holdings in Lowe’s Companies by 26,796.0% during the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer’s stock valued at $386,540,000 after buying an additional 1,651,170 shares during the period. Assenagon Asset Management S.A. raised its holdings in Lowe’s Companies by 1,048.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer’s stock valued at $172,527,000 after buying an additional 675,318 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Lowe’s Companies by 49.0% during the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after buying an additional 618,775 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 0.6%

LOW opened at $255.71 on Friday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The business’s fifty day simple moving average is $250.85 and its 200-day simple moving average is $233.07. The company has a market capitalization of $143.41 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.38 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter in the prior year, the company earned $4.10 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several recent research reports. Barclays set a $267.00 price target on Lowe’s Companies in a report on Thursday, August 21st. Oppenheimer increased their price target on Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday. Wolfe Research initiated coverage on Lowe’s Companies in a report on Wednesday, September 17th. They set an “outperform” rating on the stock. Wells Fargo & Company increased their price target on Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, UBS Group increased their target price on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $285.50.

Insider Transactions at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 over the last quarter. 0.27% of the stock is owned by corporate insiders.

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.