Modera Wealth Management LLC Has $62.13 Million Stock Position in Lowe’s Companies, Inc. $LOW

Modera Wealth Management LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 280,034 shares of the home improvement retailer’s stock after selling 3,661 shares during the period. Modera Wealth Management LLC’s holdings in Lowe’s Companies were worth $62,131,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after acquiring an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after purchasing an additional 259 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Lowe’s Companies by 2.8% in the 1st quarter. TD Private Client Wealth LLC now owns 4,732 shares of the home improvement retailer’s stock valued at $1,104,000 after purchasing an additional 127 shares during the period. Stratos Wealth Advisors LLC lifted its stake in Lowe’s Companies by 3.1% in the 1st quarter. Stratos Wealth Advisors LLC now owns 2,550 shares of the home improvement retailer’s stock valued at $595,000 after purchasing an additional 76 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC grew its holdings in Lowe’s Companies by 10.2% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 43,564 shares of the home improvement retailer’s stock worth $10,160,000 after purchasing an additional 4,038 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on LOW. UBS Group upped their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Citigroup cut their price objective on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Finally, Robert W. Baird upped their target price on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $282.59.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $231.39 on Friday. The business’s 50 day simple moving average is $251.16 and its 200 day simple moving average is $236.73. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The company has a market capitalization of $129.77 billion, a P/E ratio of 19.01, a P/E/G ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion during 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 company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Insider Activity

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,931 shares of company stock valued at $24,945,752 over the last quarter. 0.27% of the stock is owned by corporate 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.