Lowe’s Companies, Inc. $LOW Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 222,065 shares of the home improvement retailer’s stock after buying an additional 687 shares during the period. Vontobel Holding Ltd.’s holdings in Lowe’s Companies were worth $49,270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at about $32,000. Olistico Wealth LLC purchased a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $33,000. Inlight Wealth Management LLC purchased a new stake in Lowe’s Companies during the 1st quarter worth approximately $36,000. TruNorth Capital Management LLC purchased a new stake in Lowe’s Companies during the 1st quarter worth approximately $38,000. Finally, JNBA Financial Advisors increased its holdings in shares of Lowe’s Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after acquiring an additional 100 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction dated 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 directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 in the last three months. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW opened at $237.62 on Thursday. The stock has a fifty day moving average price of $254.58 and a two-hundred day moving average price of $234.36. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The company has a market cap of $133.26 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.22 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion during 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 business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on LOW. Citigroup lowered their price objective on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Wolfe Research began coverage on Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating for the company. Sanford C. Bernstein upped their price objective on Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. 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 report on Friday, August 29th. Finally, 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 research note on Monday, August 18th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $283.13.

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.