Olistico Wealth LLC Takes $33,000 Position in Lowe’s Companies, Inc. $LOW

Olistico Wealth LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 150 shares of the home improvement retailer’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LOW. Brighton Jones LLC boosted its stake in shares of Lowe’s Companies by 119.7% in 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 period. Revolve Wealth Partners LLC lifted its stake in Lowe’s Companies by 31.6% in 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. Signal Advisors Wealth LLC lifted its stake in Lowe’s Companies by 21.7% in the first quarter. Signal Advisors Wealth LLC now owns 5,066 shares of the home improvement retailer’s stock worth $1,181,000 after acquiring an additional 902 shares during the last quarter. Intellectus Partners LLC lifted its stake in Lowe’s Companies by 2.2% in the first quarter. Intellectus Partners LLC now owns 2,404 shares of the home improvement retailer’s stock worth $561,000 after acquiring an additional 51 shares during the last quarter. Finally, Pitti Group Wealth Management LLC lifted its stake in Lowe’s Companies by 3.2% in the first quarter. Pitti Group Wealth Management LLC now owns 4,117 shares of the home improvement retailer’s stock worth $960,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.4%

LOW stock opened at $246.24 on Friday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The company’s 50 day moving average is $253.95 and its two-hundred day moving average is $234.14. The stock has a market cap of $138.10 billion, a P/E ratio of 20.23, a PEG ratio of 2.28 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The business 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%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 39.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research note 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. Robert W. Baird lifted their price target on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Citigroup decreased their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Lowe’s Companies in a report on Saturday, September 27th. Seventeen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $285.50.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction on 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 transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. Insiders own 0.27% of the company’s stock.

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.