Tilia Fiduciary Partners Inc. Acquires 344 Shares of Lowe’s Companies, Inc. $LOW

Tilia Fiduciary Partners Inc. lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,189 shares of the home improvement retailer’s stock after purchasing an additional 344 shares during the period. Lowe’s Companies accounts for approximately 1.5% of Tilia Fiduciary Partners Inc.’s portfolio, making the stock its 24th biggest holding. Tilia Fiduciary Partners Inc.’s holdings in Lowe’s Companies were worth $2,483,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. QRG Capital Management Inc. increased its stake in shares of Lowe’s Companies by 2.6% in the second quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock worth $34,322,000 after purchasing an additional 3,947 shares during the period. Wallington Asset Management LLC increased its stake in shares of Lowe’s Companies by 0.7% in the second quarter. Wallington Asset Management LLC now owns 44,498 shares of the home improvement retailer’s stock worth $9,873,000 after purchasing an additional 322 shares during the period. Ascent Group LLC increased its stake in shares of Lowe’s Companies by 4.1% in the second quarter. Ascent Group LLC now owns 6,658 shares of the home improvement retailer’s stock worth $1,477,000 after purchasing an additional 264 shares during the period. Whelan Financial increased its stake in shares of Lowe’s Companies by 5.6% in the second quarter. Whelan Financial now owns 8,100 shares of the home improvement retailer’s stock worth $1,797,000 after purchasing an additional 428 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Lowe’s Companies by 5.3% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,153 shares of the home improvement retailer’s stock valued at $2,253,000 after acquiring an additional 513 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho boosted their price target on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. DA Davidson boosted their price target on Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Barclays set a $267.00 price target on Lowe’s Companies in a research note on Thursday, August 21st. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Finally, Sanford C. Bernstein boosted their price target on Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Seventeen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $285.50.

Lowe’s Companies Trading Down 0.4%

NYSE LOW opened at $246.24 on Friday. The stock’s 50 day moving average is $253.95 and its two-hundred day moving average is $234.08. The company has a market capitalization of $138.10 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.29 and a beta of 0.88. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 39.44%.

Insiders Place Their Bets

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock valued at $24,945,752 over the last quarter. 0.27% of the stock is owned by insiders.

Lowe’s Companies Company Profile

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.