O Brien Wealth Partners LLC Acquires New Position in Lowe’s Companies, Inc. (NYSE:LOW)

Posted by Amy Steele on May 26th, 2023

Lowe's Companies logo O Brien Wealth Partners LLC acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 727 shares of the home improvement retailer’s stock, valued at approximately $145,000.

Other large investors also recently bought and sold shares of the company. Wade G W & Inc. lifted its holdings in shares of Lowe’s Companies by 16.8% in the 4th quarter. Wade G W & Inc. now owns 14,126 shares of the home improvement retailer’s stock worth $2,815,000 after acquiring an additional 2,030 shares during the last quarter. Colonial River Wealth Management LLC grew its position in shares of Lowe’s Companies by 5.5% in the 4th quarter. Colonial River Wealth Management LLC now owns 2,334 shares of the home improvement retailer’s stock valued at $465,000 after buying an additional 122 shares during the last quarter. Fairhaven Wealth Management LLC grew its position in shares of Lowe’s Companies by 3.8% in the 4th quarter. Fairhaven Wealth Management LLC now owns 20,069 shares of the home improvement retailer’s stock valued at $3,999,000 after buying an additional 728 shares during the last quarter. Bryn Mawr Capital Management LLC boosted its stake in Lowe’s Companies by 9.1% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 15,953 shares of the home improvement retailer’s stock worth $3,178,000 after purchasing an additional 1,329 shares during the period. Finally, Wealth Quarterback LLC lifted its stake in shares of Lowe’s Companies by 3.0% in the 4th quarter. Wealth Quarterback LLC now owns 2,096 shares of the home improvement retailer’s stock worth $418,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 72.62% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Donald Frieson sold 9,411 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $197.00, for a total transaction of $1,853,967.00. Following the completion of the transaction, the executive vice president now owns 17,888 shares in the company, valued at approximately $3,523,936. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on LOW shares. Telsey Advisory Group reduced their price objective on shares of Lowe’s Companies from $235.00 to $225.00 and set an “outperform” rating for the company in a research note on Wednesday, May 17th. Truist Financial lowered their target price on shares of Lowe’s Companies from $235.00 to $229.00 in a report on Wednesday. Robert W. Baird lowered their target price on shares of Lowe’s Companies from $235.00 to $225.00 in a report on Friday, May 12th. StockNews.com started coverage on shares of Lowe’s Companies in a report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Morgan Stanley restated an “overweight” rating and issued a $235.00 target price on shares of Lowe’s Companies in a report on Monday, February 13th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $222.23.

Lowe’s Companies Trading Up 1.8 %

LOW traded up $3.53 on Friday, reaching $204.57. The stock had a trading volume of 1,115,384 shares, compared to its average volume of 2,964,185. The business’s 50-day moving average price is $201.92 and its two-hundred day moving average price is $204.19. Lowe’s Companies, Inc. has a 12-month low of $170.12 and a 12-month high of $223.31. The company has a market cap of $122.00 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.20 and a beta of 1.09.

Lowe’s Companies (NYSE:LOW – Get Rating) last posted its quarterly earnings results on Tuesday, May 23rd. The home improvement retailer reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.19. Lowe’s Companies had a net margin of 6.65% and a negative return on equity of 68.42%. The firm had revenue of $22.35 billion for the quarter, compared to analyst estimates of $21.68 billion. During the same period in the previous year, the business posted $3.51 earnings per share. Lowe’s Companies’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, analysts predict that Lowe’s Companies, Inc. will post 13.46 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.15%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.05. Lowe’s Companies’s dividend payout ratio is currently 40.90%.

Lowe’s Companies Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.