LMG Wealth Partners LLC Increases Stock Holdings in Lowe’s Companies, Inc. $LOW

LMG Wealth Partners LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,116 shares of the home improvement retailer’s stock after buying an additional 62 shares during the quarter. LMG Wealth Partners LLC’s holdings in Lowe’s Companies were worth $5,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Lowe’s Companies by 0.4% in the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock worth $12,736,545,000 after buying an additional 230,359 shares in the last quarter. Invesco Ltd. raised its stake in Lowe’s Companies by 10.6% in the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after purchasing an additional 501,154 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Lowe’s Companies by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock valued at $1,192,213,000 after purchasing an additional 330,701 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Lowe’s Companies by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock valued at $881,406,000 after purchasing an additional 225,964 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Lowe’s Companies by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer’s stock valued at $816,711,000 after purchasing an additional 42,676 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LOW shares. Truist Financial raised their target price on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. DA Davidson lifted their price target on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. lifted their price target on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Citigroup decreased their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $282.91.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction 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 completion of the sale, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $244.81 on Monday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $282.70. The stock has a market capitalization of $137.30 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.27 and a beta of 0.88. The company’s 50 day moving average price is $255.21 and its 200-day moving average price is $234.78.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter last year, the business earned $4.10 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Lowe’s Companies 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.