Modera Wealth Management LLC Has $62.13 Million Stake in Lowe’s Companies, Inc. $LOW

Modera Wealth Management LLC reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 280,034 shares of the home improvement retailer’s stock after selling 3,661 shares during the period. Modera Wealth Management LLC’s holdings in Lowe’s Companies were worth $62,131,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LOW. Twin Capital Management Inc. grew its stake in shares of Lowe’s Companies by 50.1% in the 2nd quarter. Twin Capital Management Inc. now owns 2,774 shares of the home improvement retailer’s stock valued at $615,000 after purchasing an additional 926 shares during the period. Soltis Investment Advisors LLC boosted its stake in Lowe’s Companies by 35.5% in the 2nd quarter. Soltis Investment Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock valued at $641,000 after buying an additional 757 shares in the last quarter. HORAN Wealth LLC acquired a new stake in Lowe’s Companies in the 2nd quarter valued at $461,000. SouthState Corp raised its stake in Lowe’s Companies by 10.9% during the second quarter. SouthState Corp now owns 24,576 shares of the home improvement retailer’s stock worth $5,453,000 after acquiring an additional 2,409 shares in the last quarter. Finally, Andra AP fonden lifted its holdings in shares of Lowe’s Companies by 57.1% during the second quarter. Andra AP fonden now owns 238,200 shares of the home improvement retailer’s stock valued at $52,849,000 after acquiring an additional 86,600 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 1.3%

Lowe’s Companies stock opened at $231.39 on Friday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The company’s 50-day moving average is $251.16 and its two-hundred day moving average is $236.73. The company has a market cap of $129.77 billion, a PE ratio of 19.01, a PEG ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $23.99 billion. During the same period in the prior year, the business posted $4.10 earnings per share. Lowe’s Companies’s 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. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is currently 39.44%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LOW shares. Royal Bank Of Canada lifted their price target on shares of Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. Barclays set a $267.00 price objective on Lowe’s Companies in a research note on Thursday, August 21st. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. KeyCorp upped their price target on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $282.59.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were 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 of the company’s stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 92,931 shares of company stock worth $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.