Fragasso Financial Advisors Inc Decreases Holdings in Lowe’s Companies, Inc. $LOW

Fragasso Financial Advisors Inc reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,200 shares of the home improvement retailer’s stock after selling 4,765 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Lowe’s Companies were worth $2,759,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Howard Hughes Medical Institute acquired a new position in Lowe’s Companies in the second quarter valued at approximately $27,000. Solstein Capital LLC lifted its position in shares of Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares during the last quarter. Traub Capital Management LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $30,000. Vermillion & White Wealth Management Group LLC grew its position in shares of Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 76 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new stake in Lowe’s Companies during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lowe’s Companies in a report on Wednesday, December 10th. Royal Bank Of Canada dropped their price target on Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 20th. Oppenheimer reduced their price objective on Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Telsey Advisory Group lowered their target price on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Finally, Mizuho cut their target price on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Sixteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.92.

Lowe’s Companies Trading Down 0.8%

NYSE:LOW opened at $246.72 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $274.98. The stock’s 50 day simple moving average is $239.04 and its 200-day simple moving average is $239.60. The firm has a market cap of $138.40 billion, a P/E ratio of 20.46, a PEG ratio of 4.13 and a beta of 0.96.

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

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s payout ratio is 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.