McKinley Carter Wealth Services Inc. Acquires 311 Shares of Lowe’s Companies, Inc. $LOW

McKinley Carter Wealth Services Inc. grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,765 shares of the home improvement retailer’s stock after buying an additional 311 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Lowe’s Companies were worth $3,054,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LOW. Brighton Jones LLC raised its position in shares of Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Lowe’s Companies by 31.6% during the fourth 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 during the period. Wealthcare Advisory Partners LLC raised its position in shares of Lowe’s Companies by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 8,339 shares of the home improvement retailer’s stock worth $1,945,000 after purchasing an additional 257 shares during the period. GAMMA Investing LLC raised its position in shares of Lowe’s Companies by 15.3% during the first 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 during the period. Finally, CX Institutional raised its position in shares of Lowe’s Companies by 1.8% during the first quarter. CX Institutional now owns 22,348 shares of the home improvement retailer’s stock worth $5,212,000 after purchasing an additional 398 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $234.59 on Friday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The firm has a market cap of $131.57 billion, a PE ratio of 19.28, a P/E/G ratio of 2.20 and a beta of 0.88. The stock has a fifty day moving average price of $254.80 and a 200-day moving average price of $234.37.

Lowe’s Companies (NYSE:LOW) last announced its 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. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the firm posted $4.10 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Sanford C. Bernstein raised their price objective on Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Robert W. Baird raised their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. UBS Group raised their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Finally, Oppenheimer raised their price objective on Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $283.13.

Insiders Place Their Bets

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was 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 of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction 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 transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by company insiders.

Lowe’s Companies 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.