Avantax Advisory Services Inc. trimmed its holdings in Lowe's Companies, Inc. (NYSE: LOW) by 14.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,369 shares of the home improvement retailer's stock, valued at $8,735,000.
Several other large investors also recently made changes to their positions in LOW. Vanguard Group Inc. now owns 54,609,378 shares valued at $12,736,545,000. Geode Capital Management LLC owns 12,351,783 shares worth $2,732,049,000. Invesco Ltd. owns 5,207,081 shares worth $1,214,448,000. Goldman Sachs Group Inc. owns 5,111,747 shares worth $1,192,213,000. Price T Rowe Associates Inc. MD owns 3,779,120 shares worth $881,406,000. Institutional investors own 74.06% of the company's stock.
Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating, and one has given a Sell rating. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $278.91.
Lowe's Companies last released its earnings results on Wednesday, August 20th. The company reported $4.33 earnings per share (EPS), topping analysts' estimates of $4.24. Revenue was $23.96 billion, up 1.6% compared to the same quarter last year. Lowe's Companies has set its FY 2025 guidance at 12.200–12.450 EPS. Sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.
The company also recently announced a quarterly dividend of $1.20 per share, representing a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe's Companies's dividend payout ratio is currently 39.44%.
In other news, EVP Brandon J. Sink sold 8,192 shares at an average price of $268.58. EVP Joseph Michael McFarland sold 43,810 shares at an average price of $272.60. Insiders sold a total of 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company's stock.
Lowe's Companies, Inc. operates as a home improvement retailer in the United States, offering a range of products for construction, maintenance, repair, remodeling, and decorating.
