Meritage Portfolio Management Has $4.01 Million Stock Position in Lowe’s Companies, Inc. $LOW

Meritage Portfolio Management reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,060 shares of the home improvement retailer’s stock after selling 294 shares during the quarter. Meritage Portfolio Management’s holdings in Lowe’s Companies were worth $4,007,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Fairway Wealth LLC acquired a new stake in shares of Lowe’s Companies during the first quarter worth $32,000. Olistico Wealth LLC acquired a new stake in shares of Lowe’s Companies during the second quarter worth $33,000. Inlight Wealth Management LLC acquired a new stake in shares of Lowe’s Companies during the first quarter worth $36,000. TruNorth Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the first quarter worth $38,000. Finally, JNBA Financial Advisors increased its position in shares of Lowe’s Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after buying an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 1.0%

Shares of NYSE LOW opened at $232.28 on Friday. The firm has a market cap of $130.27 billion, a PE ratio of 19.09, a P/E/G ratio of 2.15 and a beta of 0.88. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The company’s fifty day simple moving average is $254.92 and its 200 day simple moving average is $234.40.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the firm earned $4.10 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. 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 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on LOW. Wells Fargo & Company increased their price objective on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report 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 stock an “overweight” rating in a research report on Thursday, August 21st. Mizuho increased their price objective on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday. Finally, Oppenheimer increased their target price on shares of Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $283.13.

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.