Lowe’s Companies, Inc. $LOW Stock Holdings Trimmed by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,643 shares of the home improvement retailer’s stock after selling 919 shares during the period. Bahl & Gaynor Inc.’s holdings in Lowe’s Companies were worth $9,239,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LOW. Solstein Capital LLC lifted its stake in Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Traub Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the second quarter worth $30,000. Olistico Wealth LLC bought a new position in shares of Lowe’s Companies in the 2nd quarter worth about $33,000. Barnes Dennig Private Wealth Management LLC lifted its position in shares of Lowe’s Companies by 101.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after buying an additional 97 shares during the last quarter. Finally, Orion Capital Management LLC boosted its holdings in shares of Lowe’s Companies by 34.2% in the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insiders Place Their Bets

In other Lowe’s Companies 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 completion of the transaction, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction that occurred 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 transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 52,931 shares of company stock worth $14,381,752. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Price Performance

NYSE LOW opened at $234.12 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The firm has a market capitalization of $131.30 billion, a PE ratio of 19.24, a P/E/G ratio of 2.21 and a beta of 0.87. The company’s 50 day simple moving average is $243.31 and its 200 day simple moving average is $237.49.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Sell-side 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s payout ratio is presently 39.80%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research reports. Guggenheim reiterated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Wolfe Research began coverage on Lowe’s Companies in a report on Wednesday, September 17th. They set an “outperform” rating for the company. JPMorgan Chase & Co. raised their price target on Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday. Sanford C. Bernstein boosted their price objective on Lowe’s Companies from $282.00 to $284.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, KeyCorp increased their target price on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $274.75.

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.