Moran Wealth Management LLC Sells 189 Shares of Lowe’s Companies, Inc. $LOW

Moran Wealth Management LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,740 shares of the home improvement retailer’s stock after selling 189 shares during the quarter. Moran Wealth Management LLC’s holdings in Lowe’s Companies were worth $13,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new stake in Lowe’s Companies in the first quarter worth approximately $32,000. Olistico Wealth LLC purchased a new position in Lowe’s Companies in the second quarter worth $33,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe’s Companies in the first quarter valued at $36,000. TruNorth Capital Management LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at $38,000. Finally, JNBA Financial Advisors increased its stake 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 worth $39,000 after acquiring an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 0.8%

Shares of NYSE:LOW opened at $234.11 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The stock has a market cap of $131.30 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.15 and a beta of 0.88. The business’s 50 day moving average is $254.92 and its 200 day moving average is $234.46.

Lowe’s Companies (NYSE:LOW) last announced 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 negative return on equity of 52.02% and a net margin of 8.20%.The company had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the prior year, the firm earned $4.10 earnings per share. Lowe’s Companies’s 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. On average, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. The ex-dividend date 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 dividend payout ratio (DPR) is 39.44%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup dropped their price objective on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday, October 8th. Evercore ISI cut their price objective on Lowe’s Companies from $275.00 to $250.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Barclays set a $267.00 target price on Lowe’s Companies in a research report on Thursday, August 21st. Finally, Wells Fargo & Company boosted their target price on Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $283.13.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction that occurred 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 sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company’s stock.

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.