Comprehensive Financial Consultants Institutional Inc. Has $1.56 Million Holdings in Lowe’s Companies, Inc. $LOW

Comprehensive Financial Consultants Institutional Inc. boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,037 shares of the home improvement retailer’s stock after purchasing an additional 529 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Lowe’s Companies were worth $1,561,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Relyea Zuckerberg Hanson LLC raised its stake in Lowe’s Companies by 38.6% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,358 shares of the home improvement retailer’s stock valued at $745,000 after purchasing an additional 936 shares in the last quarter. Belpointe Asset Management LLC raised its stake in Lowe’s Companies by 58.0% in the second quarter. Belpointe Asset Management LLC now owns 13,135 shares of the home improvement retailer’s stock valued at $2,914,000 after purchasing an additional 4,822 shares in the last quarter. Confluence Wealth Services Inc. raised its stake in Lowe’s Companies by 3.1% in the second quarter. Confluence Wealth Services Inc. now owns 7,692 shares of the home improvement retailer’s stock valued at $1,707,000 after purchasing an additional 232 shares in the last quarter. Appleton Partners Inc. MA raised its stake in Lowe’s Companies by 1.5% in the second quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock valued at $713,000 after purchasing an additional 47 shares in the last quarter. Finally, Joule Financial LLC raised its stake in Lowe’s Companies by 9.6% in the second quarter. Joule Financial LLC now owns 1,114 shares of the home improvement retailer’s stock valued at $247,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LOW shares. Piper Sandler boosted their price target on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Truist Financial boosted their target price on Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Saturday, September 27th. Robert W. Baird boosted their target price on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, KeyCorp boosted their target price on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Seventeen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lowe’s Companies has a consensus 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 Monday. The stock has a market cap of $138.10 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.28 and a beta of 0.88. The stock’s 50-day moving average is $253.95 and its 200-day moving average is $234.20. 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 results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

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

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.