Appleton Partners Inc. MA Has $713,000 Position in Lowe’s Companies, Inc. $LOW

Appleton Partners Inc. MA lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the 2nd quarter, Holdings Channel reports. The firm owned 3,214 shares of the home improvement retailer’s stock after buying an additional 47 shares during the quarter. Appleton Partners Inc. MA’s holdings in Lowe’s Companies were worth $713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Lowe’s Companies in the 1st quarter valued at $32,000. Olistico Wealth LLC acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at $33,000. Inlight Wealth Management LLC acquired a new stake in shares of Lowe’s Companies in the 1st quarter valued at $36,000. TruNorth Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the 1st quarter valued at $38,000. Finally, JNBA Financial Advisors lifted its stake in shares of Lowe’s Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $241.67 on Tuesday. The firm’s 50-day moving average is $254.18 and its 200-day moving average is $234.30. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The company has a market cap of $135.54 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.28 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter in the previous year, the firm posted $4.10 EPS. The business’s 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. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is presently 39.44%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOW. Stifel Nicolaus lifted their price objective on shares of Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research note on Monday, August 18th. Citigroup dropped their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Mizuho lifted their target price on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Royal Bank Of Canada lifted 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. Finally, KeyCorp lifted their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Seventeen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.50.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by company insiders.

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.