Cassaday & Co Wealth Management LLC Purchases 348 Shares of Lowe’s Companies, Inc. $LOW

Cassaday & Co Wealth Management LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,699 shares of the home improvement retailer’s stock after acquiring an additional 348 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Lowe’s Companies were worth $599,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Solstein Capital LLC raised its stake in shares of Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 113 shares in the last quarter. Olistico Wealth LLC purchased a new stake in Lowe’s Companies during the 2nd quarter worth approximately $33,000. TruNorth Capital Management LLC purchased a new stake in Lowe’s Companies during the 1st quarter worth approximately $38,000. Barnes Dennig Private Wealth Management LLC grew its position in Lowe’s Companies by 101.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after purchasing an additional 97 shares during the last quarter. Finally, Vista Cima Wealth Management LLC purchased a new stake in Lowe’s Companies during the 1st quarter worth approximately $44,000. Institutional investors own 74.06% of the company’s stock.

Insider Activity

In related news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction 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 sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Royal Bank Of Canada boosted 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 research report on Thursday, August 21st. Citigroup dropped their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Evercore ISI dropped their target price on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Finally, KeyCorp boosted their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $282.59.

Lowe’s Companies Price Performance

LOW stock opened at $237.80 on Wednesday. The firm’s fifty day simple moving average is $252.17 and its 200-day simple moving average is $236.78. The company has a market capitalization of $133.36 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.21 and a beta of 0.88. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64.

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

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is 39.44%.

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.