Oppenheimer Asset Management Inc. Decreases Holdings in Lowe’s Companies, Inc. $LOW

Oppenheimer Asset Management Inc. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,450 shares of the home improvement retailer’s stock after selling 472 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Lowe’s Companies were worth $34,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Lowe’s Companies in the first quarter worth $32,000. Olistico Wealth LLC purchased a new position in shares of Lowe’s Companies in the second quarter worth $33,000. TruNorth Capital Management LLC purchased a new position in shares of Lowe’s Companies in the first quarter worth $38,000. JNBA Financial Advisors raised its holdings in shares of Lowe’s Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after buying an additional 100 shares during the last quarter. Finally, Vista Cima Wealth Management LLC purchased a new position in shares of Lowe’s Companies in the first quarter worth $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock opened at $243.06 on Friday. The firm has a market cap of $136.31 billion, a PE ratio of 19.97, a P/E/G ratio of 2.25 and a beta of 0.88. The firm’s fifty day moving average is $254.64 and its 200 day moving average is $235.63. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. 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 announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders 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 dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Analysts Set New Price Targets

LOW has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a report on Saturday. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Oppenheimer increased their price objective on shares of Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. KeyCorp increased their price objective on shares of 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, Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sixteen investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $282.91.

Insider Activity at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction dated 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 completion of the sale, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 in the last ninety days. 0.27% of the stock is 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.