Lowe’s Companies, Inc. $LOW Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,924 shares of the home improvement retailer’s stock after selling 3,209 shares during the quarter. Confluence Investment Management LLC’s holdings in Lowe’s Companies were worth $56,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new stake in Lowe’s Companies during the second quarter valued at $27,000. Solstein Capital LLC boosted its holdings in shares of Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares during the period. Traub Capital Management LLC bought a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC raised its stake in Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 76 shares during the period. Finally, Olistico Wealth LLC bought a new position in Lowe’s Companies in the second quarter worth about $33,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $242.42 on Tuesday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $274.98. The stock has a fifty day moving average of $239.85 and a two-hundred day moving average of $240.08. The firm has a market capitalization of $135.99 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 3.99 and a beta of 0.96.

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

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s payout ratio is 39.80%.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent research reports. Telsey Advisory Group lowered their target price on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Argus reduced their price objective on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Oppenheimer dropped their target price on Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating on the stock in a research report on Friday, December 5th. Wolfe Research reduced their price target on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, Stifel Nicolaus upped their price target on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday, December 1st. Seventeen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $276.80.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.