Lowe’s Companies, Inc. $LOW Shares Sold by Kanawha Capital Management LLC

Kanawha Capital Management LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,672 shares of the home improvement retailer’s stock after selling 1,360 shares during the quarter. Lowe’s Companies accounts for approximately 2.8% of Kanawha Capital Management LLC’s holdings, making the stock its 6th biggest holding. Kanawha Capital Management LLC’s holdings in Lowe’s Companies were worth $38,089,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LOW. Brighton Jones LLC increased its position in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Lowe’s Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Lowe’s Companies by 15.3% during the 1st quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer’s stock worth $1,657,000 after purchasing an additional 944 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Lowe’s Companies by 5.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 417,824 shares of the home improvement retailer’s stock worth $97,450,000 after purchasing an additional 20,434 shares in the last quarter. Finally, United Advisor Group LLC increased its position in shares of Lowe’s Companies by 2.6% during the 1st quarter. United Advisor Group LLC now owns 2,850 shares of the home improvement retailer’s stock worth $665,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 over the last quarter. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of a number of recent analyst reports. Sanford C. Bernstein increased their target price on shares of Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Robert W. Baird raised their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. 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. Finally, Wolfe Research initiated coverage on shares of Lowe’s Companies in a research report on Wednesday, September 17th. They issued an “outperform” rating for the company. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $282.91.

Lowe’s Companies Trading Up 0.7%

Shares of NYSE LOW opened at $244.81 on Friday. The firm has a market capitalization of $137.30 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $282.70. The firm’s 50-day moving average is $255.21 and its 200-day moving average is $234.69.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating 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%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share 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 paid 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 (DPR) is 39.44%.

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.