Mutual Advisors LLC Has $3 Million Position in Lowe’s Companies, Inc. $LOW

Mutual Advisors LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,220 shares of the home improvement retailer’s stock after buying an additional 170 shares during the period. Mutual Advisors LLC’s holdings in Lowe’s Companies were worth $2,998,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in shares of Lowe’s Companies during the first quarter valued at about $32,000. Olistico Wealth LLC acquired a new position in shares of Lowe’s Companies during the second quarter valued at about $33,000. Inlight Wealth Management LLC acquired a new position in shares of Lowe’s Companies during the first quarter valued at about $36,000. TruNorth Capital Management LLC acquired a new position in shares of Lowe’s Companies during the first quarter valued at about $38,000. Finally, JNBA Financial Advisors raised its position in shares of Lowe’s Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, the executive vice president directly owned 21,603 shares in the company, valued at $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. Insiders sold 92,931 shares of company stock valued at $24,945,752 over the last three months. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Trading Up 0.4%

Shares of Lowe’s Companies stock opened at $241.76 on Thursday. The stock has a market capitalization of $135.59 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 2.23 and a beta of 0.88. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $285.24. The firm’s 50-day moving average price is $255.05 and its two-hundred day moving average price is $234.55.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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 firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 39.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LOW shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Barclays set a $267.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. Piper Sandler upped their target price on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Mizuho upped their target price on shares of Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $282.91.

About Lowe’s Companies

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.