Lowe’s Companies, Inc. $LOW Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 19,476 shares of the home improvement retailer’s stock after selling 185 shares during the period. Leavell Investment Management Inc.’s holdings in Lowe’s Companies were worth $4,321,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LOW. Nuveen LLC acquired a new stake in shares of Lowe’s Companies during the 1st quarter valued at $681,215,000. Pacer Advisors Inc. grew its holdings in shares of Lowe’s Companies by 2,984.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock worth $475,339,000 after acquiring an additional 1,971,996 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Lowe’s Companies by 49.0% during the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock worth $438,751,000 after purchasing an additional 618,775 shares during the period. Invesco Ltd. lifted its holdings in shares of Lowe’s Companies by 10.6% during the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after purchasing an additional 501,154 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Lowe’s Companies by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock valued at $1,192,213,000 after purchasing an additional 330,701 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the topic of several recent analyst reports. Wolfe Research started coverage on Lowe’s Companies in a report on Wednesday, September 17th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Saturday. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. DA Davidson raised their price objective on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Finally, Wells Fargo & Company boosted their target price on shares of Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Sixteen 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 currently has an average rating of “Moderate Buy” and an average target price of $282.91.

Lowe’s Companies Stock Performance

Shares of LOW opened at $243.06 on Friday. The company’s 50 day moving average price is $254.64 and its 200 day moving average price is $235.63. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64. The company has a market capitalization of $136.31 billion, a PE ratio of 19.97, a PEG ratio of 2.25 and a beta of 0.88.

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

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a $1.20 dividend. The ex-dividend date 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 39.44%.

Insider Transactions at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at $65,772,256.30. This trade represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $11,942,606.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. 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.