Vontobel Holding Ltd. Purchases 687 Shares of Lowe’s Companies, Inc. $LOW

Vontobel Holding Ltd. lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 222,065 shares of the home improvement retailer’s stock after purchasing an additional 687 shares during the period. Vontobel Holding Ltd.’s holdings in Lowe’s Companies were worth $49,270,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of Lowe’s Companies in the 1st quarter worth about $32,000. Olistico Wealth LLC bought a new stake in Lowe’s Companies during the 2nd quarter valued at about $33,000. Inlight Wealth Management LLC bought a new stake in Lowe’s Companies during the 1st quarter valued at about $36,000. TruNorth Capital Management LLC bought a new stake in Lowe’s Companies during the 1st quarter valued at about $38,000. Finally, JNBA Financial Advisors grew its stake in shares of Lowe’s Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 929 shares of the 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 sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the 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 sale, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock valued at $24,945,752 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LOW. Citigroup cut their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their target price on shares of Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, August 21st. Oppenheimer upped their price target on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Sanford C. Bernstein increased their target price on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $283.13.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $237.62 on Thursday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The firm has a fifty day moving average of $254.58 and a 200 day moving average of $234.36. The firm has a market cap of $133.26 billion, a PE ratio of 19.53, a PEG ratio of 2.22 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion for 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 company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd 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 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

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.