Aspect Partners LLC Grows Stock Position in Lowe’s Companies, Inc. $LOW

Aspect Partners LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 550.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 936 shares of the home improvement retailer’s stock after buying an additional 792 shares during the quarter. Aspect Partners LLC’s holdings in Lowe’s Companies were worth $208,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LOW. Brighton Jones LLC raised its holdings in Lowe’s Companies by 119.7% in the 4th 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 increased its position in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after buying an additional 259 shares in the last quarter. TD Private Client Wealth LLC increased its position in Lowe’s Companies by 2.8% in the first quarter. TD Private Client Wealth LLC now owns 4,732 shares of the home improvement retailer’s stock worth $1,104,000 after buying an additional 127 shares in the last quarter. Stratos Wealth Advisors LLC raised its stake in shares of Lowe’s Companies by 3.1% in the first quarter. Stratos Wealth Advisors LLC now owns 2,550 shares of the home improvement retailer’s stock worth $595,000 after buying an additional 76 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC lifted its position in shares of Lowe’s Companies by 10.2% during the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 43,564 shares of the home improvement retailer’s stock valued at $10,160,000 after buying an additional 4,038 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s 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 completion of the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $231.39 on Friday. The company has a market cap of $129.77 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The stock’s 50 day simple moving average is $251.16 and its two-hundred day simple moving average is $236.73.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOW. Wolfe Research started coverage on shares of Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating for the company. 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. Piper Sandler lifted their target price on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. DA Davidson upped their target price on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Finally, UBS Group raised their price target on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $282.59.

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.