Atria Investments Inc Has $10.23 Million Holdings in Lowe’s Companies, Inc. $LOW

Atria Investments Inc lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 46,114 shares of the home improvement retailer’s stock after selling 5,815 shares during the quarter. Atria Investments Inc’s holdings in Lowe’s Companies were worth $10,231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Savvy Advisors Inc. grew its stake in Lowe’s Companies by 68.0% during the 2nd quarter. Savvy Advisors Inc. now owns 5,209 shares of the home improvement retailer’s stock valued at $1,156,000 after acquiring an additional 2,108 shares in the last quarter. Live Oak Private Wealth LLC grew its stake in Lowe’s Companies by 0.6% during the 2nd quarter. Live Oak Private Wealth LLC now owns 61,589 shares of the home improvement retailer’s stock valued at $13,665,000 after acquiring an additional 383 shares in the last quarter. Assetmark Inc. grew its stake in Lowe’s Companies by 9.2% during the 2nd quarter. Assetmark Inc. now owns 60,582 shares of the home improvement retailer’s stock valued at $13,441,000 after acquiring an additional 5,126 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in Lowe’s Companies by 2.3% during the 2nd quarter. HBK Sorce Advisory LLC now owns 13,950 shares of the home improvement retailer’s stock valued at $3,095,000 after acquiring an additional 317 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in Lowe’s Companies by 5.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 20,867 shares of the home improvement retailer’s stock valued at $4,630,000 after acquiring an additional 1,093 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.5%

Shares of Lowe’s Companies stock opened at $239.66 on Friday. The stock has a market capitalization of $134.41 billion, a P/E ratio of 19.69, a PEG ratio of 2.21 and a beta of 0.88. The stock has a 50 day moving average price of $253.56 and a two-hundred day moving average price of $236.17. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64.

Lowe’s Companies (NYSE:LOW) last announced 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 negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the prior year, the business earned $4.10 earnings per share. The company’s 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. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

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 annualized dividend 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 is currently 39.44%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their target price on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. Barclays set a $267.00 target price on Lowe’s Companies in a research report on Thursday, August 21st. Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Finally, UBS Group boosted their price target on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.59.

Insiders Place Their Bets

In other news, CEO Marvin R. Ellison sold 40,000 shares of the 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 approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred 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 directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 over the last ninety days. 0.27% of the stock is owned by insiders.

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.