Abundance Wealth Counselors Grows Stock Holdings in Lowe’s Companies, Inc. $LOW

Abundance Wealth Counselors boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,020 shares of the home improvement retailer’s stock after acquiring an additional 105 shares during the quarter. Abundance Wealth Counselors’ holdings in Lowe’s Companies were worth $1,571,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Vertex Planning Partners LLC increased its stake in Lowe’s Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after acquiring an additional 44 shares during the last quarter. Quadcap Wealth Management LLC increased its stake in Lowe’s Companies by 0.5% in the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock worth $2,189,000 after acquiring an additional 46 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its stake in Lowe’s Companies by 0.8% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock worth $1,357,000 after acquiring an additional 47 shares during the last quarter. Fielder Capital Group LLC increased its stake in Lowe’s Companies by 5.9% in the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock worth $202,000 after acquiring an additional 48 shares during the last quarter. Finally, Zullo Investment Group Inc. increased its stake in Lowe’s Companies by 1.1% in the 1st quarter. Zullo Investment Group Inc. now owns 4,542 shares of the home improvement retailer’s stock worth $1,059,000 after acquiring an additional 49 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 in the last 90 days. 0.27% of the stock is owned by insiders.

Lowe’s Companies Price Performance

LOW opened at $247.32 on Friday. The stock’s 50 day simple moving average is $253.56 and its 200 day simple moving average is $233.92. 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 $138.70 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.30 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the company earned $4.10 EPS. Lowe’s Companies’s revenue for the quarter 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, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current 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 given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LOW shares. KeyCorp upped their target price 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. Truist Financial increased their price objective on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Piper Sandler increased their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Guggenheim reiterated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, DA Davidson increased their price objective on Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $285.50.

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.