Sequoia Financial Advisors LLC Purchases 2,712 Shares of Lowe’s Companies, Inc. $LOW

Sequoia Financial Advisors LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,973 shares of the home improvement retailer’s stock after buying an additional 2,712 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Lowe’s Companies were worth $9,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at $32,000. Olistico Wealth LLC bought a new position in shares of Lowe’s Companies during the 2nd quarter valued at $33,000. Inlight Wealth Management LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at $36,000. TruNorth Capital Management LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at $38,000. Finally, JNBA Financial Advisors lifted its holdings in shares of Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 100 shares during the period. 74.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the transaction, 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 link. Also, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LOW. Wolfe Research assumed coverage on Lowe’s Companies in a report on Wednesday, September 17th. They set an “outperform” rating for the company. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. DA Davidson upped their price target on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Stifel Nicolaus upped their price target on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. upped their price target on Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $283.13.

Lowe’s Companies Trading Up 0.8%

NYSE:LOW opened at $234.11 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The stock has a 50-day moving average price of $254.92 and a 200 day moving average price of $234.46. The stock has a market capitalization of $131.30 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.15 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter last year, the business posted $4.10 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

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.