Comprehensive Financial Consultants Institutional Inc. Acquires 529 Shares of Lowe’s Companies, Inc. $LOW

Comprehensive Financial Consultants Institutional Inc. raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,037 shares of the home improvement retailer’s stock after acquiring an additional 529 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Lowe’s Companies were worth $1,561,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vertex Planning Partners LLC grew its stake in shares of Lowe’s Companies by 2.9% during the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after acquiring an additional 44 shares in the last quarter. Quadcap Wealth Management LLC grew its stake in shares of Lowe’s Companies by 0.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock worth $2,189,000 after acquiring an additional 46 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Lowe’s Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock worth $1,357,000 after acquiring an additional 47 shares in the last quarter. Appleton Partners Inc. MA grew its stake in shares of Lowe’s Companies by 1.5% during the 2nd quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock worth $713,000 after acquiring an additional 47 shares in the last quarter. Finally, Fielder Capital Group LLC grew its stake in shares of Lowe’s Companies by 5.9% during the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock worth $202,000 after acquiring an additional 48 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Transactions at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction 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 completion of the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $246.24 on Monday. The company has a fifty day moving average price of $253.95 and a two-hundred day moving average price of $234.20. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The stock has a market cap of $138.10 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.28 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $23.99 billion. During the same period in the previous year, the business posted $4.10 earnings per share. The company’s revenue for the quarter 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. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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 dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Analyst Ratings Changes

LOW has been the subject of several research reports. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Citigroup decreased their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Wolfe Research assumed coverage on shares of Lowe’s Companies in a research note on Wednesday, September 17th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. raised their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. Seventeen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.50.

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.