Lowe’s Companies, Inc. $LOW Stock Position Trimmed by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 90.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 463 shares of the home improvement retailer’s stock after selling 4,338 shares during the period. Hartford Funds Management Co LLC’s holdings in Lowe’s Companies were worth $103,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Vertex Planning Partners LLC grew its holdings in Lowe’s Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after buying an additional 44 shares in the last quarter. Quadcap Wealth Management LLC raised its stake in Lowe’s Companies by 0.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock valued at $2,189,000 after acquiring an additional 46 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its position in Lowe’s Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock worth $1,357,000 after acquiring an additional 47 shares during the period. Appleton Partners Inc. MA grew its stake in shares of Lowe’s Companies by 1.5% in the second quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock worth $713,000 after purchasing an additional 47 shares in the last quarter. Finally, Fielder Capital Group LLC increased its holdings in shares of Lowe’s Companies by 5.9% during the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock valued at $202,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LOW shares. Robert W. Baird upped their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Wolfe Research initiated coverage on shares of Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating for the company. Finally, Mizuho raised 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 report on Friday, August 29th. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $282.00.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $232.92 on Monday. The firm has a 50 day simple moving average of $250.65 and a 200 day simple moving average of $237.13. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64. The company has a market cap of $130.62 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

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

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 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.