Ulland Investment Advisors LLC Has $2.01 Million Position in Lowe’s Companies, Inc. $LOW

Ulland Investment Advisors LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,079 shares of the home improvement retailer’s stock after selling 949 shares during the quarter. Lowe’s Companies accounts for 1.5% of Ulland Investment Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Ulland Investment Advisors LLC’s holdings in Lowe’s Companies were worth $2,014,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LOW. Brighton Jones LLC raised its stake in Lowe’s Companies by 119.7% during the 4th 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 raised its stake in Lowe’s Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after purchasing an additional 259 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Lowe’s Companies by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,339 shares of the home improvement retailer’s stock valued at $1,945,000 after purchasing an additional 257 shares during the period. GAMMA Investing LLC raised its stake in Lowe’s Companies by 15.3% during the 1st quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer’s stock valued at $1,657,000 after purchasing an additional 944 shares during the period. Finally, CX Institutional raised its stake in Lowe’s Companies by 1.8% during the 1st quarter. CX Institutional now owns 22,348 shares of the home improvement retailer’s stock valued at $5,212,000 after purchasing an additional 398 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $234.59 on Friday. The company has a market capitalization of $131.57 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 2.20 and a beta of 0.88. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The company’s fifty day moving average price is $254.80 and its two-hundred day moving average price is $234.37.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $23.99 billion. During the same period in the prior year, the company earned $4.10 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side 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, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 39.44%.

Insider Activity

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’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 completion of the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 over the last three months. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. 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 note on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday. 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 note on Thursday, September 25th. Finally, Wolfe Research assumed coverage on shares of Lowe’s Companies in a research note on Wednesday, September 17th. They issued an “outperform” rating on the stock. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $283.13.

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.