Lowe’s Companies, Inc. $LOW Stock Position Decreased by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,611 shares of the home improvement retailer’s stock after selling 285 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Lowe’s Companies were worth $4,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its position in Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after buying an additional 259 shares during the period. Kestra Private Wealth Services LLC grew its holdings in shares of Lowe’s Companies by 3.0% during the first quarter. Kestra Private Wealth Services LLC now owns 34,042 shares of the home improvement retailer’s stock valued at $7,940,000 after buying an additional 993 shares in the last quarter. South Dakota Investment Council grew its holdings in shares of Lowe’s Companies by 3.1% during the first quarter. South Dakota Investment Council now owns 20,760 shares of the home improvement retailer’s stock valued at $4,842,000 after buying an additional 618 shares in the last quarter. Finally, OneAscent Family Office LLC raised its position in Lowe’s Companies by 248.0% during the first quarter. OneAscent Family Office LLC now owns 4,882 shares of the home improvement retailer’s stock valued at $1,140,000 after buying an additional 3,479 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s 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 sale, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on LOW shares. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Citigroup reduced their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Truist Financial lowered their price objective on shares of Lowe’s Companies from $283.00 to $267.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Royal Bank Of Canada increased their target price on shares of Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. Finally, Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sixteen equities research 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. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $278.91.

Lowe’s Companies Stock Down 1.7%

NYSE LOW opened at $227.59 on Monday. The stock has a market capitalization of $127.64 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64. The company has a 50 day moving average price of $247.66 and a two-hundred day moving average price of $237.49.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data 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 net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the prior year, the firm earned $4.10 EPS. Lowe’s Companies’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, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe’s Companies’s payout ratio is presently 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.