Obermeyer Wealth Partners Has $4.13 Million Holdings in Lowe’s Companies, Inc. $LOW

Obermeyer Wealth Partners decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,599 shares of the home improvement retailer’s stock after selling 293 shares during the quarter. Obermeyer Wealth Partners’ holdings in Lowe’s Companies were worth $4,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Solstein Capital LLC raised its position in Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares during the last quarter. Fairway Wealth LLC acquired a new position in Lowe’s Companies during the 1st quarter worth approximately $32,000. Olistico Wealth LLC bought a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $33,000. TruNorth Capital Management LLC bought a new position in shares of Lowe’s Companies during the 1st quarter worth approximately $38,000. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 101.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after purchasing an additional 97 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research note on Monday, August 18th. Mizuho upped their price target on shares of Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. KeyCorp lifted their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.59.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,931 shares of company stock valued at $24,945,752 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies Stock Performance

Shares of LOW opened at $238.29 on Monday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64. The stock has a market capitalization of $133.64 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.21 and a beta of 0.88. The stock has a fifty day moving average of $253.05 and a 200-day moving average of $236.53.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results 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 net margin of 8.20% and a negative return on equity of 52.02%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

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