Caldwell Trust Co Purchases Shares of 3,700 Lowe’s Companies, Inc. $LOW

Caldwell Trust Co acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,700 shares of the home improvement retailer’s stock, valued at approximately $821,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of 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 valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC lifted its stake 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 valued at $266,000 after buying an additional 259 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Lowe’s Companies by 0.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 74,447 shares of the home improvement retailer’s stock valued at $17,363,000 after acquiring an additional 212 shares during the period. Brooklyn Investment Group grew its position in shares of Lowe’s Companies by 19.5% during the first quarter. Brooklyn Investment Group now owns 5,104 shares of the home improvement retailer’s stock worth $1,190,000 after acquiring an additional 832 shares during the last quarter. Finally, Granite Harbor Advisors Inc. purchased a new position in shares of Lowe’s Companies during the first quarter worth approximately $265,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of a number of recent research reports. Bank of America decreased their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Robert W. Baird decreased their target price on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Guggenheim reiterated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. Finally, Wolfe Research dropped their target price on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Sixteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.92.

Lowe’s Companies Trading Up 0.8%

Lowe’s Companies stock opened at $249.25 on Tuesday. The stock has a 50-day moving average price of $238.90 and a 200 day moving average price of $239.45. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $274.98. The stock has a market cap of $139.82 billion, a PE ratio of 20.67, a P/E/G ratio of 4.10 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.09. The company had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company 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. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s payout ratio is presently 39.80%.

Lowe’s Companies Company 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.