Lowe’s Companies, Inc. $LOW Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.9% in the second quarter, Holdings Channel reports. The firm owned 5,519 shares of the home improvement retailer’s stock after selling 815 shares during the period. Oakworth Capital Inc.’s holdings in Lowe’s Companies were worth $1,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOW. Nuveen LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter valued at $681,215,000. Pacer Advisors Inc. increased 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 valued at $475,339,000 after purchasing an additional 1,971,996 shares in the last quarter. Assenagon Asset Management S.A. increased 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 valued at $172,527,000 after purchasing an additional 675,318 shares in the last quarter. Wellington Management Group LLP raised its position in Lowe’s Companies by 49.0% in the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after purchasing an additional 618,775 shares during the period. Finally, Invesco Ltd. raised its position in Lowe’s Companies by 10.6% in the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after purchasing an additional 501,154 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LOW. Wolfe Research started coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They issued an “outperform” rating for the company. Oppenheimer boosted their price target on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup decreased 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. Mizuho lifted their price objective on shares of Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.50.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction that occurred 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 transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Price Performance

LOW opened at $257.18 on Monday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The stock has a market capitalization of $144.23 billion, a PE ratio of 21.13, a P/E/G ratio of 2.38 and a beta of 0.87. The firm’s fifty day moving average price is $251.61 and its 200 day moving average price is $233.35.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The company 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 firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

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

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.