Heartwood Wealth Advisors LLC Raises Position in Lowe’s Companies, Inc. $LOW

Heartwood Wealth Advisors LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,045 shares of the home improvement retailer’s stock after purchasing an additional 232 shares during the quarter. Heartwood Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $1,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Gradient Investments LLC raised its stake in Lowe’s Companies by 18.3% in the second quarter. Gradient Investments LLC now owns 137,054 shares of the home improvement retailer’s stock valued at $30,408,000 after buying an additional 21,200 shares during the last quarter. S.E.E.D. Planning Group LLC increased its holdings in shares of Lowe’s Companies by 25.3% during the second quarter. S.E.E.D. Planning Group LLC now owns 29,676 shares of the home improvement retailer’s stock valued at $6,584,000 after acquiring an additional 5,985 shares in the last quarter. GK Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 7.6% during the second quarter. GK Wealth Management LLC now owns 1,607 shares of the home improvement retailer’s stock valued at $357,000 after acquiring an additional 113 shares in the last quarter. Value Partners Investments Inc. raised its position in shares of Lowe’s Companies by 8.4% in the 2nd quarter. Value Partners Investments Inc. now owns 4,742 shares of the home improvement retailer’s stock valued at $1,050,000 after purchasing an additional 369 shares during the last quarter. Finally, Capital Asset Advisory Services LLC boosted its stake in Lowe’s Companies by 25.8% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,443 shares of the home improvement retailer’s stock worth $330,000 after purchasing an additional 296 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

NYSE LOW opened at $271.89 on Monday. The firm has a market capitalization of $152.48 billion, a P/E ratio of 22.34, a PEG ratio of 2.52 and a beta of 0.87. The stock has a 50-day simple moving average of $243.26 and a two-hundred day simple moving average of $231.63. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm 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 for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a $0.012 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is currently 39.44%.

Insider Activity

In related news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the sale, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. Barclays set a $267.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sanford C. Bernstein boosted their price objective on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. KeyCorp raised their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Piper Sandler lifted their target price on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. 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 stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $284.13.

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.