Bartlett & CO. Wealth Management LLC Decreases Position in Lowe’s Companies, Inc. $LOW

Bartlett & CO. Wealth Management LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 531,684 shares of the home improvement retailer’s stock after selling 1,155 shares during the period. Lowe’s Companies makes up 1.6% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding. Bartlett & CO. Wealth Management LLC’s holdings in Lowe’s Companies were worth $117,965,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LOW. Brighton Jones LLC raised its holdings in shares of Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC grew its position in 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 valued at $266,000 after buying an additional 259 shares during the period. Merit Financial Group LLC grew its position in Lowe’s Companies by 39.3% during the first quarter. Merit Financial Group LLC now owns 26,873 shares of the home improvement retailer’s stock valued at $6,268,000 after buying an additional 7,580 shares during the period. Fulton Bank N.A. grew its position in Lowe’s Companies by 5.4% during the first quarter. Fulton Bank N.A. now owns 17,564 shares of the home improvement retailer’s stock valued at $4,096,000 after buying an additional 906 shares during the period. Finally, RFG Advisory LLC grew its position in Lowe’s Companies by 1.4% during the first quarter. RFG Advisory LLC now owns 9,929 shares of the home improvement retailer’s stock valued at $2,316,000 after buying an additional 140 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 0.8%

LOW stock opened at $251.20 on Wednesday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The company has a fifty day simple moving average of $252.74 and a two-hundred day simple moving average of $233.68. The firm has a market capitalization of $140.88 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.34 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion during 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 was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts anticipate 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 will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction dated 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 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 SEC, which is available at this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction dated 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 directly owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Lowe’s Companies in a research report on Wednesday, September 17th. They issued an “outperform” rating for the company. Piper Sandler upped their price target on shares of Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Oppenheimer upped their price target on shares of Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $285.50.

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.