Vise Technologies Inc. Takes Position in Lowe’s Companies, Inc. $LOW

Vise Technologies Inc. bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 21,767 shares of the home improvement retailer’s stock, valued at approximately $4,830,000.

Several other institutional investors and hedge funds also recently bought and sold shares of LOW. Vertex Planning Partners LLC raised 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 worth $369,000 after buying an additional 44 shares during the period. Quadcap Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 0.5% during the first quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock valued at $2,189,000 after purchasing an additional 46 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Lowe’s Companies by 0.8% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock valued at $1,357,000 after acquiring an additional 47 shares during the period. Appleton Partners Inc. MA lifted its position in shares of Lowe’s Companies by 1.5% during the second quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock valued at $713,000 after buying an additional 47 shares during the last quarter. Finally, Fielder Capital Group LLC increased its position in shares of 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 purchasing an additional 48 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 0.7%

Shares of NYSE LOW opened at $232.92 on Monday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64. The stock has a market cap of $130.62 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The business has a 50-day moving average price of $250.65 and a 200 day moving average price of $237.13.

Lowe’s Companies (NYSE:LOW) last announced its 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. The company 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 company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 39.44%.

Insider Buying and Selling

In related news, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was 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 approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 in the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LOW. KeyCorp lifted their target price on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Robert W. Baird upped their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Truist Financial reduced their price target on Lowe’s Companies from $283.00 to $267.00 and set a “buy” rating for the company in a report on Friday. Piper Sandler boosted their price target on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada upped their target price on shares of Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.00.

Lowe’s Companies 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.