Orion Porfolio Solutions LLC Buys 2,359 Shares of Lowe’s Companies, Inc. $LOW

Orion Porfolio Solutions LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 72,910 shares of the home improvement retailer’s stock after buying an additional 2,359 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Lowe’s Companies were worth $16,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Lowe’s Companies in the 2nd quarter worth $3,644,000. Nautilus Advisors LLC lifted its stake in shares of Lowe’s Companies by 4.7% in the second quarter. Nautilus Advisors LLC now owns 4,182 shares of the home improvement retailer’s stock valued at $928,000 after buying an additional 186 shares during the period. Silverlake Wealth Management LLC grew its position in Lowe’s Companies by 16.6% during the second quarter. Silverlake Wealth Management LLC now owns 2,475 shares of the home improvement retailer’s stock worth $549,000 after buying an additional 353 shares in the last quarter. Hilltop Partners LLC grew its position in Lowe’s Companies by 12.1% during the second quarter. Hilltop Partners LLC now owns 1,363 shares of the home improvement retailer’s stock worth $302,000 after buying an additional 147 shares in the last quarter. Finally, Cim Investment Management Inc. increased its stake in Lowe’s Companies by 99.6% during the second quarter. Cim Investment Management Inc. now owns 4,929 shares of the home improvement retailer’s stock valued at $1,155,000 after acquiring an additional 2,460 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $247.20 on Friday. The stock’s fifty day simple moving average is $238.74 and its 200 day simple moving average is $239.18. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $274.98. The firm has a market cap of $138.67 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 4.10 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The company had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same period last year, the business earned $2.89 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors 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 1.9%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.80%.

Analyst Ratings Changes

A number of analysts have commented on the company. Robert W. Baird reduced their price objective on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Telsey Advisory Group cut their target price on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. DA Davidson decreased their price target on shares of Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Royal Bank Of Canada dropped their price objective on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research note on Thursday, November 20th. Sixteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $275.92.

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.