Rodgers & Associates LTD Sells 625 Shares of Lowe’s Companies, Inc. $LOW

Rodgers & Associates LTD decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.1% in the second quarter, Holdings Channel.com reports. The firm owned 14,677 shares of the home improvement retailer’s stock after selling 625 shares during the quarter. Rodgers & Associates LTD’s holdings in Lowe’s Companies were worth $3,256,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC increased its holdings in shares of Lowe’s Companies by 3.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after acquiring an additional 465 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Lowe’s Companies by 8.1% during the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after acquiring an additional 1,242 shares in the last quarter. Advent Capital Management DE increased its holdings in shares of Lowe’s Companies by 20.0% during the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after acquiring an additional 3,000 shares in the last quarter. Cornerstone Wealth Group LLC increased its holdings in shares of Lowe’s Companies by 12.6% during the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock valued at $6,848,000 after acquiring an additional 3,295 shares in the last quarter. Finally, Strathmore Capital Advisors Inc. bought a new position in shares of Lowe’s Companies during the second quarter valued at $2,717,000. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LOW. Truist Financial raised their price target on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Sanford C. Bernstein raised their price target on Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. KeyCorp lifted their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Barclays set a $267.00 price objective on Lowe’s Companies in a 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $282.91.

Insiders Place Their Bets

In related news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the business’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 value 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 approximately $65,772,256.30. This represents a 13.84% 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 90 days. 0.27% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Up 0.7%

Lowe’s Companies stock opened at $244.81 on Friday. The business has a 50-day simple moving average of $255.21 and a two-hundred day simple moving average of $234.69. The company has a market cap of $137.30 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.25 and a beta of 0.88. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $282.70.

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 for the quarter, beating 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 analysts’ expectations of $23.99 billion. During the same period in the previous year, the firm earned $4.10 EPS. The business’s quarterly 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. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s payout ratio is currently 39.44%.

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.