BKM Wealth Management LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,351 shares of the home improvement retailer’s stock after buying an additional 49 shares during the period. Lowe’s Companies comprises about 1.3% of BKM Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. BKM Wealth Management LLC’s holdings in Lowe’s Companies were worth $3,406,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Lowe’s Companies during the second quarter worth about $29,109,000. United Bank boosted its position in shares of Lowe’s Companies by 1.3% during the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after buying an additional 155 shares during the period. Novare Capital Management LLC boosted its position in shares of Lowe’s Companies by 2.7% during the second quarter. Novare Capital Management LLC now owns 48,269 shares of the home improvement retailer’s stock worth $10,709,000 after buying an additional 1,256 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Lowe’s Companies by 8.8% during the second quarter. Koshinski Asset Management Inc. now owns 5,500 shares of the home improvement retailer’s stock worth $1,220,000 after buying an additional 446 shares during the period. Finally, Huntleigh Advisors Inc. boosted its position in shares of Lowe’s Companies by 1.6% during the second quarter. Huntleigh Advisors Inc. now owns 12,113 shares of the home improvement retailer’s stock worth $2,688,000 after buying an additional 186 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently weighed in on LOW. Piper Sandler upped their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Wolfe Research started coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They set an “outperform” rating for the company. Truist Financial boosted their price target on Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Sanford C. Bernstein upped their price objective on Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $282.91.
Lowe’s Companies Stock Up 0.7%
LOW opened at $244.81 on Friday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $282.70. The stock has a market cap of $137.30 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.27 and a beta of 0.88. The business has a 50 day moving average of $255.21 and a 200-day moving average of $234.69.
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same period last year, the firm posted $4.10 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. 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 earnings per share for the current year.
Lowe’s Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.
Insiders Place Their Bets
In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on 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 approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 92,931 shares of company stock valued at $24,945,752. Corporate insiders own 0.27% of the company’s stock.
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.
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