Chilton Capital Management LLC Raises Stock Position in Lowe’s Companies, Inc. $LOW

Chilton Capital Management LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 41.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,373 shares of the home improvement retailer’s stock after buying an additional 65,457 shares during the period. Lowe’s Companies comprises approximately 1.8% of Chilton Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Chilton Capital Management LLC’s holdings in Lowe’s Companies were worth $49,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Resonant Capital Advisors LLC increased its position in shares of Lowe’s Companies by 5.8% during the second quarter. Resonant Capital Advisors LLC now owns 12,842 shares of the home improvement retailer’s stock worth $2,849,000 after acquiring an additional 700 shares during the period. Whipplewood Advisors LLC grew its position in shares of Lowe’s Companies by 8.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 792 shares of the home improvement retailer’s stock worth $176,000 after buying an additional 63 shares in the last quarter. Cabot Wealth Management Inc. bought a new position in shares of Lowe’s Companies during the second quarter valued at approximately $222,000. Brighton Jones LLC increased its holdings in Lowe’s Companies by 0.8% during the second quarter. Brighton Jones LLC now owns 32,707 shares of the home improvement retailer’s stock valued at $7,257,000 after buying an additional 268 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its holdings in Lowe’s Companies by 14.0% during the second quarter. Linden Thomas Advisory Services LLC now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after buying an additional 1,487 shares during the period. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Robert W. Baird lifted their price target 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. Finally, Wolfe Research started coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They issued an “outperform” rating for the company. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $282.91.

Lowe’s Companies Trading Down 0.3%

Shares of LOW opened at $243.06 on Friday. The firm has a 50-day moving average price of $254.64 and a 200 day moving average price of $235.63. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64. The firm has a market capitalization of $136.31 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.25 and a beta of 0.88.

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 for the quarter, topping analysts’ consensus estimates 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 business had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same period in the prior year, the business posted $4.10 EPS. The company’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. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Insider Transactions at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction dated 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 directly owned 249,043 shares of the company’s stock, valued at $65,772,256.30. This represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% 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 worth $24,945,752 over the last three months. 0.27% of the stock is currently owned by company insiders.

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.