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

Beaumont Financial Advisors LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,528 shares of the home improvement retailer’s stock after selling 2,880 shares during the quarter. 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LOW. Twin Capital Management Inc. increased its position 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 last quarter. Bank of New York Mellon Corp lifted its position in shares of Lowe’s Companies by 5.2% during the first 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 last quarter. Providence Wealth Advisors LLC lifted its position in shares of Lowe’s Companies by 13.8% during the first 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 during the last quarter. Ethos Financial Group LLC grew its stake in Lowe’s Companies by 12.8% in the first 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. grew its stake 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 worth $1,325,000 after purchasing an additional 118 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

LOW stock opened at $209.44 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $203.40 and a 1 year high of $293.06. The stock has a market capitalization of $117.44 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.62 and a beta of 0.86. The stock’s fifty day moving average is $217.75 and its two-hundred day moving average is $242.00.

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

Lowe’s Companies Increases Dividend

The company also recently announced 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 is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a yield of 2.4%. Lowe’s Companies’s payout ratio is currently 40.57%.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. The trade was a 36.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 25,980 shares of company stock worth $5,796,937. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of several research reports. TD Cowen cut their price objective on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Gordon Haskett dropped their price target on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Bank of America decreased their price objective on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. lowered their target price on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Finally, UBS Group reduced their price target on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

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.