Agate Pass Investment Management LLC Sells 62 Shares of Lowe’s Companies, Inc. $LOW

Agate Pass Investment Management LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,164 shares of the home improvement retailer’s stock after selling 62 shares during the period. Lowe’s Companies accounts for 1.2% of Agate Pass Investment Management LLC’s portfolio, making the stock its 26th largest holding. Agate Pass Investment Management LLC’s holdings in Lowe’s Companies were worth $2,921,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LOW shares. Citigroup reduced their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Mizuho boosted their target price on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $283.13.

Lowe’s Companies Trading Down 1.0%

LOW stock opened at $232.28 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The company has a 50-day moving average price of $254.92 and a 200 day moving average price of $234.38. The stock has a market cap of $130.27 billion, a PE ratio of 19.09, a P/E/G ratio of 2.17 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same period in the previous year, the company earned $4.10 EPS. The firm’s revenue for the quarter 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. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

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

Insider Activity

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies 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 transaction, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, 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 sold a total of 92,931 shares of company stock valued at $24,945,752 in the last quarter. 0.27% of the stock is currently owned by company insiders.

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.