Lowe’s Companies, Inc. $LOW Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 16.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,732 shares of the home improvement retailer’s stock after selling 59,500 shares during the period. Corient Private Wealth LLC owned about 0.05% of Lowe’s Companies worth $64,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Brighton Jones LLC boosted its holdings in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Lowe’s Companies by 0.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 74,447 shares of the home improvement retailer’s stock worth $17,363,000 after acquiring an additional 212 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Lowe’s Companies by 19.5% during the first quarter. Brooklyn Investment Group now owns 5,104 shares of the home improvement retailer’s stock worth $1,190,000 after purchasing an additional 832 shares in the last quarter. Finally, Granite Harbor Advisors Inc. acquired a new position in Lowe’s Companies in the 1st quarter valued at $265,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein lifted their target price on shares of Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. DA Davidson decreased their price target on shares of Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Wolfe Research dropped their price objective on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. TD Cowen lowered their target price on Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Finally, Royal Bank Of Canada dropped their price target on Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research report on Thursday, November 20th. Sixteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.92.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $249.25 on Tuesday. The firm has a 50 day simple moving average of $238.90 and a 200-day simple moving average of $239.45. The stock has a market cap of $139.82 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 4.10 and a beta of 0.96. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $274.98.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. Lowe’s Companies’s dividend payout ratio is currently 39.80%.

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.