Linscomb Wealth Inc. Purchases 783 Shares of Lowe’s Companies, Inc. $LOW

Linscomb Wealth Inc. lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,435 shares of the home improvement retailer’s stock after purchasing an additional 783 shares during the quarter. Linscomb Wealth Inc.’s holdings in Lowe’s Companies were worth $3,868,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Lowe’s Companies by 16.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,371 shares of the home improvement retailer’s stock worth $748,000 after purchasing an additional 476 shares in the last quarter. Creekmur Asset Management LLC lifted its position in Lowe’s Companies by 26.7% in the 2nd quarter. Creekmur Asset Management LLC now owns 508 shares of the home improvement retailer’s stock valued at $113,000 after acquiring an additional 107 shares in the last quarter. Kovack Advisors Inc. lifted its position in Lowe’s Companies by 17.7% in the 2nd quarter. Kovack Advisors Inc. now owns 1,646 shares of the home improvement retailer’s stock valued at $365,000 after acquiring an additional 248 shares in the last quarter. IFG Advisory LLC lifted its position in Lowe’s Companies by 3.6% in the 2nd quarter. IFG Advisory LLC now owns 21,015 shares of the home improvement retailer’s stock valued at $4,662,000 after acquiring an additional 723 shares in the last quarter. Finally, Strs Ohio lifted its position in Lowe’s Companies by 2.9% in the 2nd quarter. Strs Ohio now owns 188,773 shares of the home improvement retailer’s stock valued at $41,883,000 after acquiring an additional 5,351 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,931 shares of company stock valued at $24,945,752 over the last quarter. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Wolfe Research assumed coverage on shares of Lowe’s Companies in a research report on Wednesday, September 17th. They issued an “outperform” rating on the stock. Barclays set a $267.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada boosted their price objective on shares of Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $282.59.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $239.66 on Friday. The firm has a market capitalization of $134.41 billion, a PE ratio of 19.69, a P/E/G ratio of 2.21 and a beta of 0.88. The company’s 50-day moving average is $253.56 and its 200-day moving average is $236.17. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $280.64.

Lowe’s Companies (NYSE:LOW) last released 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 company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed 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. 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 payout ratio 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.