Leo Wealth LLC Buys Shares of 1,970 Lowe’s Companies, Inc. $LOW

Leo Wealth LLC purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, Holdings Channel reports. The fund purchased 1,970 shares of the home improvement retailer’s stock, valued at approximately $437,000.

Several other large investors have also recently bought and sold shares of the business. SeaBridge Investment Advisors LLC increased its stake in Lowe’s Companies by 3.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after buying an additional 465 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Lowe’s Companies by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock worth $29,223,000 after acquiring an additional 1,470 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Lowe’s Companies by 8.1% in the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock worth $3,860,000 after acquiring an additional 1,242 shares during the last quarter. Advent Capital Management DE increased its stake in shares of Lowe’s Companies by 20.0% in the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock worth $4,198,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Cornerstone Wealth Group LLC increased its position in Lowe’s Companies by 12.6% in the 1st quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock worth $6,848,000 after purchasing an additional 3,295 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LOW has been the topic of several research reports. UBS Group upped their target price on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Stifel Nicolaus increased their price objective on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a report on Monday, August 18th. Mizuho increased their price target 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. Finally, KeyCorp increased their price target on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $283.13.

Lowe’s Companies Stock Down 1.3%

Shares of LOW stock opened at $234.59 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The business’s 50 day moving average is $254.80 and its two-hundred day moving average is $234.37. The company has a market cap of $131.57 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 2.20 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last posted its 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 business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the business posted $4.10 EPS. Lowe’s Companies’s 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, equities analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Insiders Place Their Bets

In other news, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’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 value of $238,938.80. Following the completion of the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by company insiders.

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.