Howe & Rusling Inc. Has $5.67 Million Position in Lowe’s Companies, Inc. $LOW

Howe & Rusling Inc. lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% during the 2nd quarter, Holdings Channel reports. The firm owned 25,572 shares of the home improvement retailer’s stock after purchasing an additional 807 shares during the quarter. Howe & Rusling Inc.’s holdings in Lowe’s Companies were worth $5,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of LOW. Vertex Planning Partners LLC grew its holdings in Lowe’s Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after purchasing an additional 44 shares during the period. Quadcap Wealth Management LLC raised its stake in Lowe’s Companies by 0.5% in 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 buying an additional 46 shares during the period. Appleton Partners Inc. MA lifted its position in shares of Lowe’s Companies by 1.5% in 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. Fielder Capital Group LLC lifted its position in shares of Lowe’s Companies by 5.9% in the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock valued at $202,000 after buying an additional 48 shares during the last quarter. Finally, Intrua Financial LLC boosted its stake in shares of Lowe’s Companies by 3.2% during the 2nd quarter. Intrua Financial LLC now owns 1,555 shares of the home improvement retailer’s stock worth $345,000 after acquiring an additional 48 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Up 4.1%

Shares of Lowe’s Companies stock opened at $228.50 on Thursday. The stock has a market capitalization of $128.15 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The company has a 50-day simple moving average of $244.95 and a two-hundred day simple moving average of $237.39.

Lowe’s Companies (NYSE:LOW) last announced 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. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same quarter in the prior year, the business posted $2.89 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Insider Transactions at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, the executive vice president directly owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 52,931 shares of company stock valued at $14,381,752. 0.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LOW has been the topic of a number of research analyst reports. Mizuho increased their price target on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Oppenheimer upped their price objective on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Citigroup reduced their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Finally, Wolfe Research assumed coverage on shares of Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $278.09.

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.