Whipplewood Advisors LLC Grows Stake in Lowe’s Companies, Inc. $LOW

Whipplewood Advisors LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 792 shares of the home improvement retailer’s stock after purchasing an additional 63 shares during the period. Whipplewood Advisors LLC’s holdings in Lowe’s Companies were worth $176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC lifted its position in Lowe’s Companies by 3.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after purchasing an additional 465 shares in the last quarter. Larson Financial Group LLC lifted its position in Lowe’s Companies by 8.1% during the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after purchasing an additional 1,242 shares in the last quarter. Advent Capital Management DE lifted its position in Lowe’s Companies by 20.0% during the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after purchasing an additional 3,000 shares in the last quarter. Strathmore Capital Advisors Inc. purchased a new position in Lowe’s Companies during the second quarter valued at $2,717,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in Lowe’s Companies during the first quarter valued at $303,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lowe’s Companies news, 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 transaction of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,931 shares of company stock valued at $24,945,752. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird boosted their price objective 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. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Truist Financial boosted their price objective on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $282.91.

Lowe’s Companies Trading Down 0.3%

Shares of LOW stock opened at $243.06 on Monday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64. The stock’s 50-day moving average price is $254.64 and its 200-day moving average price is $235.72. The stock has a market capitalization of $136.31 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88.

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

Lowe’s Companies Announces Dividend

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 paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 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.