United Asset Strategies Inc. Has $1.62 Million Holdings in Lowe’s Companies, Inc. $LOW

United Asset Strategies Inc. increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.2% in the first quarter, Holdings Channel reports. The firm owned 6,944 shares of the home improvement retailer’s stock after buying an additional 283 shares during the quarter. United Asset Strategies Inc.’s holdings in Lowe’s Companies were worth $1,619,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LOW. Gen Wealth Partners Inc lifted its holdings in shares of Lowe’s Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock valued at $534,000 after purchasing an additional 40 shares in the last quarter. Second Line Capital LLC lifted its holdings in shares of Lowe’s Companies by 0.9% in the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock valued at $1,183,000 after purchasing an additional 44 shares in the last quarter. Vertex Planning Partners LLC lifted its holdings in shares of Lowe’s Companies by 2.9% in the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after purchasing an additional 44 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Lowe’s Companies by 0.8% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock worth $1,357,000 after acquiring an additional 47 shares in the last quarter. Finally, Fielder Capital Group LLC raised its holdings in Lowe’s Companies by 5.9% during the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock worth $202,000 after acquiring an additional 48 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president owned 31,898 shares of the company’s stock, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Lowe’s Companies Stock Down 0.5%

Shares of NYSE LOW opened at $255.8520 on Friday. The business’s 50 day moving average price is $229.15 and its two-hundred day moving average price is $230.35. The company has a market cap of $143.39 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01.

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

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.77%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LOW. Morgan Stanley dropped their target price on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Stifel Nicolaus upped their target price on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a report on Monday. Piper Sandler upped their target price on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a report on Thursday. Sanford C. Bernstein upped their target price on Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Mizuho reiterated an “outperform” rating and set a $280.00 target price on shares of Lowe’s Companies in a report on Friday, June 13th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $284.33.

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.