Soltis Investment Advisors LLC Grows Stake in Lowe’s Companies, Inc. $LOW

Soltis Investment Advisors LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 35.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,891 shares of the home improvement retailer’s stock after buying an additional 757 shares during the period. Soltis Investment Advisors LLC’s holdings in Lowe’s Companies were worth $641,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after acquiring an additional 259 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Lowe’s Companies by 2.8% in the first quarter. TD Private Client Wealth LLC now owns 4,732 shares of the home improvement retailer’s stock worth $1,104,000 after acquiring an additional 127 shares in the last quarter. Stratos Wealth Advisors LLC boosted its holdings in Lowe’s Companies by 3.1% in the first quarter. Stratos Wealth Advisors LLC now owns 2,550 shares of the home improvement retailer’s stock valued at $595,000 after purchasing an additional 76 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC boosted its holdings in Lowe’s Companies by 10.2% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 43,564 shares of the home improvement retailer’s stock valued at $10,160,000 after purchasing an additional 4,038 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 of the company’s stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 over the last ninety days. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

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 firm’s 50-day moving average is $251.16 and its 200-day moving average is $236.73. The company has a market cap of $129.77 billion, a P/E ratio of 19.01, a PEG ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were issued 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 2.1%. Lowe’s Companies’s payout ratio is 39.44%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LOW. Robert W. Baird upped their target price on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. KeyCorp lifted 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 note on Thursday, August 21st. Evercore ISI reduced their price objective on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday, October 8th. Finally, Truist Financial upped their target price 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. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $282.59.

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.