Savant Capital LLC Has $4.58 Million Stock Position in Lowe’s Companies, Inc. $LOW

Savant Capital LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 20,655 shares of the home improvement retailer’s stock after acquiring an additional 1,155 shares during the period. Savant Capital LLC’s holdings in Lowe’s Companies were worth $4,583,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of LOW. Brighton Jones LLC lifted 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 buying an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of 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 worth $266,000 after acquiring an additional 259 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Lowe’s Companies by 9.2% in the 1st quarter. Allworth Financial LP now owns 16,057 shares of the home improvement retailer’s stock worth $3,565,000 after acquiring an additional 1,349 shares during the last quarter. Cerity Partners LLC lifted its position in Lowe’s Companies by 5.5% in the 1st quarter. Cerity Partners LLC now owns 220,063 shares of the home improvement retailer’s stock valued at $51,325,000 after acquiring an additional 11,491 shares in the last quarter. Finally, SteelPeak Wealth LLC lifted its position in Lowe’s Companies by 1.5% in the 1st quarter. SteelPeak Wealth LLC now owns 8,785 shares of the home improvement retailer’s stock valued at $2,049,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of recent research reports. UBS Group boosted their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Oppenheimer increased their price target on Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Sanford C. Bernstein lifted their price objective on shares of Lowe’s Companies from $279.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Mizuho upped their target price on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $282.00.

Lowe’s Companies Price Performance

NYSE LOW opened at $232.92 on Friday. The stock has a market capitalization of $130.62 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64. The business’s fifty day moving average is $250.65 and its 200-day moving average is $236.99.

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

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were paid a dividend of $1.20 per share. The ex-dividend date was Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Insider Activity at Lowe’s Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. 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 the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

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.