Austin Private Wealth LLC Buys 72 Shares of Lowe’s Companies, Inc. $LOW

Austin Private Wealth LLC increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,128 shares of the home improvement retailer’s stock after purchasing an additional 72 shares during the quarter. Austin Private Wealth LLC’s holdings in Lowe’s Companies were worth $250,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LOW. Solstein Capital LLC grew its stake in shares of Lowe’s Companies by 627.8% during the second 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 during the last quarter. Fairway Wealth LLC acquired a new position in Lowe’s Companies in the first quarter valued at approximately $32,000. Olistico Wealth LLC acquired a new position in Lowe’s Companies in the second quarter valued at approximately $33,000. TruNorth Capital Management LLC acquired a new position in Lowe’s Companies in the first quarter valued at approximately $38,000. Finally, JNBA Financial Advisors lifted its holdings in Lowe’s Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 100 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

LOW opened at $238.30 on Thursday. The firm’s fifty day moving average is $253.88 and its two-hundred day moving average is $236.15. The firm has a market cap of $133.65 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve 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 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Insider Activity at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction on 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 completion of the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,931 shares of company stock worth $24,945,752 over the last three months. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LOW. JPMorgan Chase & Co. increased their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Wolfe Research began coverage on shares of Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday, October 8th. Finally, Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Sixteen 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, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $282.59.

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.