Belpointe Asset Management LLC Has $2.91 Million Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Belpointe Asset Management LLC increased its holdings in Lowe's Companies by 58.0% during Q2, now owning shares worth approximately $2.91 million.
• Insider selling was noted, with CEO Marvin R. Ellison and EVP Joseph Michael Mcfarland selling shares, resulting in a significant decrease in their ownership percentages.
• Research analysts have generally expressed optimism, upgrading Lowe's from a "hold" to a "buy" rating, with several adjusting their price targets upward, reflecting a consensus rating of "Moderate Buy."

Belpointe Asset Management LLC lifted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 58.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,135 shares of the home improvement retailer's stock after purchasing an additional 4,822 shares during the quarter. Belpointe Asset Management LLC's holdings in Lowe's Companies were worth $2,914,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Fairway Wealth LLC acquired a new position in Lowe's Companies in the first quarter valued at about $32,000. Olistico Wealth LLC bought a new position in Lowe's Companies in the 2nd quarter valued at about $33,000. Inlight Wealth Management LLC bought a new position in Lowe's Companies in the 1st quarter valued at about $36,000. TruNorth Capital Management LLC acquired a new position in shares of Lowe's Companies in the 1st quarter valued at approximately $38,000. Finally, JNBA Financial Advisors lifted its holdings in shares of Lowe's Companies by 147.1% during the 1st 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. 74.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% 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, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies stock in a transaction dated 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 transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,931 shares of company stock valued at $24,945,752. Insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday. UBS Group lifted their price target on Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. KeyCorp boosted their price target on Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Royal Bank Of Canada raised their price objective on Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday, August 21st. Finally, Oppenheimer lifted their target price on Lowe's Companies from $305.00 to $320.00 and gave the company an "outperform" rating in a research report on Thursday, September 25th. Seventeen investment 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. Based on data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $285.50.

Lowe's Companies Stock Down 1.9%

Shares of LOW opened at $241.67 on Tuesday. The stock has a market cap of $135.54 billion, a PE ratio of 19.86, a PEG ratio of 2.28 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 business has a 50-day simple moving average of $254.18 and a two-hundred day simple moving average of $234.30.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

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

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.

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