Stockman Wealth Management Inc. Boosts Stock Holdings in Lowe’s Companies, Inc. $LOW

Stockman Wealth Management Inc. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 2,684 shares of the home improvement retailer’s stock after acquiring an additional 55 shares during the period. Stockman Wealth Management Inc.’s holdings in Lowe’s Companies were worth $596,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fairway Wealth LLC purchased a new position in Lowe’s Companies in the first quarter valued at $32,000. Inlight Wealth Management LLC purchased a new position in Lowe’s Companies in the first quarter valued at $36,000. IFS Advisors LLC increased its holdings in Lowe’s Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 60 shares during the last quarter. TruNorth Capital Management LLC purchased a new position in Lowe’s Companies in the first quarter valued at $38,000. Finally, JNBA Financial Advisors increased its holdings in Lowe’s Companies by 147.1% in 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. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LOW shares. Barclays set a $267.00 target price on Lowe’s Companies in a report on Thursday, August 21st. UBS Group increased their target price on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Truist Financial upped their price objective 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. Wolfe Research initiated coverage on shares of Lowe’s Companies in a research note on Wednesday, September 17th. They issued an “outperform” rating for the company. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $285.50.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated 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 of the company’s stock, valued at $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the 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 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 disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies Stock Performance

Shares of LOW opened at $257.18 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The company has a market capitalization of $144.23 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.38 and a beta of 0.87. The firm has a 50-day simple moving average of $251.61 and a 200-day simple moving average of $233.28.

Lowe’s Companies (NYSE:LOW) last announced its earnings results 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. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter in the prior year, the firm earned $4.10 earnings per share. The business’s quarterly 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. Equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a dividend of $0.012 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe’s Companies’s dividend payout ratio is 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.