Lowe’s Companies, Inc. $LOW Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,528 shares of the home improvement retailer’s stock after selling 2,880 shares during the period. Lowe’s Companies makes up 1.4% of Beaumont Financial Advisors LLC’s portfolio, making the stock its 22nd biggest position. Beaumont Financial Advisors LLC’s holdings in Lowe’s Companies were worth $20,445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Capital Management Inc. raised its holdings in shares of Lowe’s Companies by 317.4% in the 1st quarter. Twin Capital Management Inc. now owns 5,171 shares of the home improvement retailer’s stock worth $1,222,000 after purchasing an additional 3,932 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Lowe’s Companies by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock worth $956,371,000 after purchasing an additional 201,803 shares during the period. Providence Wealth Advisors LLC increased its position in Lowe’s Companies by 13.8% during the 1st quarter. Providence Wealth Advisors LLC now owns 9,070 shares of the home improvement retailer’s stock worth $2,143,000 after purchasing an additional 1,101 shares in the last quarter. Ethos Financial Group LLC increased its position in Lowe’s Companies by 12.8% during the 1st quarter. Ethos Financial Group LLC now owns 3,952 shares of the home improvement retailer’s stock worth $934,000 after purchasing an additional 450 shares in the last quarter. Finally, Opinicus Capital Inc. raised its holdings in Lowe’s Companies by 2.1% in the first quarter. Opinicus Capital Inc. now owns 5,608 shares of the home improvement retailer’s stock valued at $1,325,000 after buying an additional 118 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the completion of the sale, the executive vice president directly owned 16,142 shares in the company, valued at $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 25,980 shares of company stock valued at $5,796,937 in the last ninety days. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of recent research reports. Evercore reduced their price target on shares of Lowe’s Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. Craig Hallum raised shares of Lowe’s Companies to a “buy” rating in a research report on Tuesday, May 12th. Bank of America cut their target price on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Citigroup upgraded shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 target price on the stock in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $264.57.

Lowe’s Companies Stock Up 0.8%

LOW opened at $209.44 on Thursday. The firm has a market capitalization of $117.44 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.62 and a beta of 0.86. The firm’s 50 day moving average is $217.75 and its 200-day moving average is $242.00. Lowe’s Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.06. The business had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is currently 40.57%.

Lowe’s Companies Profile

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.