Whipplewood Advisors LLC Purchases 63 Shares of Lowe’s Companies, Inc. $LOW

Whipplewood Advisors LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 792 shares of the home improvement retailer’s stock after purchasing an additional 63 shares during the quarter. Whipplewood Advisors LLC’s holdings in Lowe’s Companies were worth $176,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. SeaBridge Investment Advisors LLC boosted its holdings in Lowe’s Companies by 3.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after acquiring an additional 465 shares during the period. Larson Financial Group LLC boosted its holdings in Lowe’s Companies by 8.1% during the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after acquiring an additional 1,242 shares during the period. Advent Capital Management DE boosted its holdings in Lowe’s Companies by 20.0% during the 1st quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after acquiring an additional 3,000 shares during the period. Strathmore Capital Advisors Inc. purchased a new stake in Lowe’s Companies during the 2nd quarter valued at about $2,717,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $303,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LOW shares. Royal Bank Of Canada increased their target price on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. Truist Financial increased their target price on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, August 21st. UBS Group increased their target price on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Mizuho increased their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Stifel Nicolaus increased their price objective on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a report on Monday, August 18th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $282.91.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The transaction 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 Lowe’s Companies stock in a transaction 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 completion of the sale, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

Lowe’s Companies Trading Down 0.3%

Lowe’s Companies stock opened at $243.06 on Monday. The firm has a market cap of $136.31 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.25 and a beta of 0.88. The stock has a fifty day simple moving average of $254.64 and a two-hundred day simple moving average of $235.72. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

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.