Lowe’s Companies, Inc. $LOW Stock Position Trimmed by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 521,102 shares of the home improvement retailer’s stock after selling 10,582 shares during the period. Lowe’s Companies accounts for approximately 1.7% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 14th biggest position. Bartlett & CO. Wealth Management LLC owned approximately 0.09% of Lowe’s Companies worth $130,958,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Waterloo Capital L.P. raised its stake in Lowe’s Companies by 1.2% during the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after acquiring an additional 41 shares in the last quarter. TruWealth Advisors LLC lifted its holdings in Lowe’s Companies by 2.7% in the third quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock worth $397,000 after purchasing an additional 42 shares during the period. Operose Advisors LLC grew its position in Lowe’s Companies by 1.4% in the 2nd quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer’s stock valued at $739,000 after buying an additional 45 shares in the last quarter. Watts Gwilliam & Co. LLC increased its stake in Lowe’s Companies by 4.3% during the 2nd quarter. Watts Gwilliam & Co. LLC now owns 1,094 shares of the home improvement retailer’s stock valued at $243,000 after buying an additional 45 shares during the period. Finally, Harbour Capital Advisors LLC lifted its stake in shares of Lowe’s Companies by 2.0% in the 3rd quarter. Harbour Capital Advisors LLC now owns 2,280 shares of the home improvement retailer’s stock worth $547,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on LOW. Sanford C. Bernstein boosted their price target on shares of Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Evercore ISI reissued a “positive” rating on shares of Lowe’s Companies in a research note on Thursday, November 20th. Wolfe Research decreased their price target on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Finally, Robert W. Baird dropped their price target on Lowe’s Companies from $295.00 to $290.00 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 assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $276.46.

Lowe’s Companies Price Performance

Shares of LOW opened at $240.72 on Friday. The business’s 50-day moving average is $239.68 and its 200-day moving average is $239.82. The company has a market capitalization of $135.03 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 4.11 and a beta of 0.96. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $274.98.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to the consensus estimate 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 was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.80%.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.