Boston Family Office LLC Cuts Stake in Lowe’s Companies, Inc. $LOW

Boston Family Office LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,975 shares of the home improvement retailer’s stock after selling 705 shares during the period. Boston Family Office LLC’s holdings in Lowe’s Companies were worth $4,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Waterloo Capital L.P. lifted its stake in Lowe’s Companies by 1.2% in the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock worth $767,000 after purchasing an additional 41 shares in the last quarter. Vertex Planning Partners LLC grew its position in shares of Lowe’s Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after purchasing an additional 44 shares in the last quarter. Quadcap Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 0.5% in the first quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock worth $2,189,000 after purchasing an additional 46 shares during the last quarter. Appleton Partners Inc. MA lifted its position in shares of Lowe’s Companies by 1.5% in the second quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock worth $713,000 after buying an additional 47 shares in the last quarter. Finally, Intrua Financial LLC boosted its stake in Lowe’s Companies by 3.2% during the second quarter. Intrua Financial LLC now owns 1,555 shares of the home improvement retailer’s stock valued at $345,000 after buying an additional 48 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research reports. DA Davidson reduced their price objective on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Piper Sandler increased their price objective on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Mizuho dropped their price objective on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Finally, KeyCorp boosted their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Fifteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $273.79.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction 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 sale, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Up 0.6%

Shares of NYSE:LOW opened at $243.13 on Monday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The company has a market capitalization of $136.35 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.21 and a beta of 0.87. The firm’s 50-day moving average is $240.28 and its 200 day moving average is $237.98.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. The business had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

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.