Lowe’s Companies, Inc. $LOW Shares Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,692 shares of the home improvement retailer’s stock after purchasing an additional 232 shares during the period. Confluence Wealth Services Inc.’s holdings in Lowe’s Companies were worth $1,707,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Lowe’s Companies during the first quarter worth approximately $681,215,000. Pacer Advisors Inc. lifted its stake in Lowe’s Companies by 2,984.6% in the first 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. grew 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 worth $172,527,000 after acquiring an additional 675,318 shares in the last quarter. Wellington Management Group LLP increased its position in shares of 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 valued at $438,751,000 after purchasing an additional 618,775 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of 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 valued at $1,214,448,000 after purchasing an additional 501,154 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $246.24 on Monday. The company has a market capitalization of $138.10 billion, a P/E ratio of 20.23, a PEG ratio of 2.28 and a beta of 0.88. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The stock has a 50-day simple moving average of $253.95 and a 200-day simple moving average of $234.20.

Lowe’s Companies (NYSE:LOW) last released 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 firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter last year, the business posted $4.10 EPS. The firm’s quarterly 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. As a group, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio is 39.44%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LOW shares. JPMorgan Chase & Co. boosted their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. 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. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday. Robert W. Baird raised their target price on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Stifel Nicolaus upped their price target on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a report on Monday, August 18th. Seventeen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.50.

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.