HORAN Wealth LLC Takes $461,000 Position in Lowe’s Companies, Inc. $LOW

HORAN Wealth LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,079 shares of the home improvement retailer’s stock, valued at approximately $461,000.

Other institutional investors have also recently made changes to their positions in the company. Solstein Capital LLC increased its holdings in shares of Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares in the last quarter. Olistico Wealth LLC acquired a new stake in Lowe’s Companies in the 2nd quarter valued at $33,000. TruNorth Capital Management LLC acquired a new stake in Lowe’s Companies in the 1st quarter valued at $38,000. Barnes Dennig Private Wealth Management LLC grew its stake in Lowe’s Companies by 101.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after acquiring an additional 97 shares during the period. Finally, Vista Cima Wealth Management LLC acquired a new stake in Lowe’s Companies in the 1st quarter valued at $44,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 1.4%

Shares of LOW opened at $234.42 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64. The firm’s fifty day moving average is $251.69 and its two-hundred day moving average is $236.76. The stock has a market cap of $131.47 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced 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 net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the previous year, the company posted $4.10 EPS. The firm’s quarterly 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, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is presently 39.44%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LOW. DA Davidson lifted their price target on shares of Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Wells Fargo & Company lifted their price target on shares of Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Sanford C. Bernstein lifted their price target on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Finally, UBS Group lifted their price target on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

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 owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by insiders.

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.