Evelyn Partners Investment Management LLP Has $1.82 Million Position in Lowe’s Companies, Inc. $LOW

Evelyn Partners Investment Management LLP grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 642.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,010 shares of the home improvement retailer’s stock after purchasing an additional 6,931 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Lowe’s Companies were worth $1,822,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Solstein Capital LLC boosted its position in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of Lowe’s Companies in the second quarter valued at approximately $30,000. Olistico Wealth LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $33,000. Barnes Dennig Private Wealth Management LLC grew its position in Lowe’s Companies by 101.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after acquiring an additional 97 shares during the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new stake in Lowe’s Companies during the 1st quarter valued at $44,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $234.12 on Friday. The stock has a market cap of $131.30 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64. The firm has a 50 day moving average price of $243.31 and a 200 day moving average price of $237.39.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 39.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Robert W. Baird reduced their price objective on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday. Evercore ISI reissued a “positive” rating on shares of Lowe’s Companies in a research note on Thursday. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Truist Financial decreased their price target on Lowe’s Companies from $267.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $276.41.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value 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. This trade represents a 27.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 52,931 shares of company stock valued at $14,381,752. 0.27% of the stock is currently owned by corporate insiders.

About Lowe’s Companies

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.