9,151 Shares in Lowe’s Companies, Inc. $LOW Purchased by Montecito Bank & Trust

Montecito Bank & Trust bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, Holdings Channel.com reports. The firm bought 9,151 shares of the home improvement retailer’s stock, valued at approximately $2,300,000.

A number of other large investors have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC grew its position in Lowe’s Companies by 3.7% in the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after purchasing an additional 465 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Lowe’s Companies by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock worth $34,322,000 after buying an additional 3,947 shares during the last quarter. Strathmore Capital Advisors Inc. bought a new position in shares of Lowe’s Companies in the 2nd quarter valued at about $2,717,000. First Pacific Financial increased its position in shares of Lowe’s Companies by 147.3% in the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock valued at $611,000 after acquiring an additional 1,639 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Lowe’s Companies by 0.7% in the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock valued at $183,344,000 after acquiring an additional 5,820 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of several recent research reports. TD Cowen reduced their price target on Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Sanford C. Bernstein raised their target price on shares of Lowe’s Companies from $282.00 to $284.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Bank of America lowered their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, December 1st. Finally, Piper Sandler lifted their price objective on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $276.46.

Lowe’s Companies Price Performance

LOW stock opened at $247.99 on Thursday. The company has a fifty day moving average price of $239.25 and a two-hundred day moving average price of $239.66. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $274.98. The stock has a market cap of $139.11 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 4.09 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. Lowe’s Companies’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s payout ratio is currently 39.80%.

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.