Taylor Financial Group Inc. Sells 45 Shares of Lowe’s Companies, Inc. $LOW

Taylor Financial Group Inc. reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,987 shares of the home improvement retailer’s stock after selling 45 shares during the period. Lowe’s Companies makes up approximately 1.1% of Taylor Financial Group Inc.’s holdings, making the stock its 21st biggest holding. Taylor Financial Group Inc.’s holdings in Lowe’s Companies were worth $1,772,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LOW. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Lowe’s Companies by 7.5% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 34,458 shares of the home improvement retailer’s stock worth $7,645,000 after acquiring an additional 2,410 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Lowe’s Companies by 14.4% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 88,905 shares of the home improvement retailer’s stock worth $19,725,000 after acquiring an additional 11,200 shares in the last quarter. Alexander Labrunerie & CO. Inc. boosted its stake in Lowe’s Companies by 4.0% in the 2nd quarter. Alexander Labrunerie & CO. Inc. now owns 1,506 shares of the home improvement retailer’s stock worth $334,000 after purchasing an additional 58 shares during the period. Advisory Alpha LLC boosted its stake in Lowe’s Companies by 4.0% in the 2nd quarter. Advisory Alpha LLC now owns 3,766 shares of the home improvement retailer’s stock worth $836,000 after purchasing an additional 144 shares during the period. Finally, Rossby Financial LCC boosted its stake in Lowe’s Companies by 2.9% in the 2nd quarter. Rossby Financial LCC now owns 2,137 shares of the home improvement retailer’s stock worth $474,000 after purchasing an additional 61 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on LOW. Guggenheim restated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Stifel Nicolaus lifted their target price on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research report on Monday, August 18th. Piper Sandler raised their price target on shares of Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Barclays set a $267.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Finally, Robert W. Baird increased their target price on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $282.59.

Lowe’s Companies Trading Up 0.5%

NYSE LOW opened at $243.81 on Tuesday. The firm’s fifty day moving average price is $254.50 and its two-hundred day moving average price is $235.86. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The firm has a market capitalization of $136.73 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

Insiders Place Their Bets

In other news, 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 value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction on 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 completion of the sale, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 92,931 shares of company stock valued at $24,945,752. Corporate insiders own 0.27% of the company’s stock.

About Lowe’s Companies

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.