Lowe’s Companies, Inc. $LOW Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 56.4% during the 2nd quarter, Holdings Channel reports. The fund owned 3,413 shares of the home improvement retailer’s stock after selling 4,415 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Lowe’s Companies were worth $757,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vertex Planning Partners LLC grew its stake in shares of Lowe’s Companies by 2.9% during the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after purchasing an additional 44 shares during the period. Quadcap Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 0.5% in 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 purchasing an additional 46 shares during the period. Appleton Partners Inc. MA boosted its holdings in Lowe’s Companies by 1.5% during the second quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock worth $713,000 after buying an additional 47 shares in the last quarter. Fielder Capital Group LLC grew its position in 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 buying an additional 48 shares during the period. Finally, Intrua Financial LLC grew its position in Lowe’s Companies by 3.2% during the second quarter. Intrua Financial LLC now owns 1,555 shares of the home improvement retailer’s stock valued at $345,000 after buying an additional 48 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information. Insiders sold 92,931 shares of company stock worth $24,945,752 over the last three months. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Trading Down 1.1%

NYSE:LOW opened at $225.35 on Tuesday. The stock has a 50 day moving average of $246.70 and a two-hundred day moving average of $237.51. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The firm has a market cap of $126.38 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last issued 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 analyst estimates of $23.99 billion. During the same period in the previous year, the company posted $4.10 earnings per share. The business’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 forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share 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. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on shares of Lowe’s Companies from $275.00 to $230.00 and set a “hold” rating for the company in a research report on Friday. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, November 13th. DA Davidson raised their price objective on Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Finally, UBS Group upped their target price on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $278.91.

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.