Patten Group Inc. Has $1.58 Million Stock Position in Lowe’s Companies, Inc. $LOW

Patten Group Inc. lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,100 shares of the home improvement retailer’s stock after selling 329 shares during the period. Patten Group Inc.’s holdings in Lowe’s Companies were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Lowe’s Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Lowe’s Companies by 15.3% during the 1st quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer’s stock worth $1,657,000 after purchasing an additional 944 shares in the last quarter. Valmark Advisers Inc. raised its stake in Lowe’s Companies by 1.9% in the 1st quarter. Valmark Advisers Inc. now owns 11,510 shares of the home improvement retailer’s stock valued at $2,684,000 after acquiring an additional 211 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in Lowe’s Companies by 6.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 230,982 shares of the home improvement retailer’s stock valued at $53,872,000 after acquiring an additional 13,769 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of a number of research reports. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Evercore ISI decreased their price objective on Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating on the stock in a report on Tuesday, October 14th. Robert W. Baird upped their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Wolfe Research started coverage on Lowe’s Companies in a report on Wednesday, September 17th. They set an “outperform” rating on the stock. Finally, Gordon Haskett raised Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $282.91.

Read Our Latest Analysis on Lowe’s Companies

Lowe’s Companies Stock Up 1.3%

NYSE:LOW opened at $245.42 on Wednesday. The stock’s 50-day simple moving average is $255.27 and its 200 day simple moving average is $234.99. The firm has a market capitalization of $137.64 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.88. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share 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 analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe’s Companies’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Insider Transactions at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock valued at $24,945,752 over the last three months. Company insiders own 0.27% of the company’s stock.

About Lowe’s Companies

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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