Bontempo Ohly Capital Mgmt LLC Lowers Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Bontempo Ohly Capital Mgmt LLC reduced its holdings in Lowe's Companies by 5.9%, owning 17,459 shares valued at $4.07 million, making it the 20th largest position in their portfolio.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Lowe's Companies, with price target increases from firms like Stifel Nicolaus and Wells Fargo.
• Lowe's recently announced a quarterly dividend of $0.012, representing an annualized yield of 0.0%, with a payout ratio of 39.44%.

Bontempo Ohly Capital Mgmt LLC trimmed its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 17,459 shares of the home improvement retailer's stock after selling 1,098 shares during the quarter. Lowe's Companies comprises about 2.0% of Bontempo Ohly Capital Mgmt LLC's holdings, making the stock its 20th biggest holding. Bontempo Ohly Capital Mgmt LLC's holdings in Lowe's Companies were worth $4,072,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Lowe's Companies by 0.4% during the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer's stock valued at $12,736,545,000 after acquiring an additional 230,359 shares in the last quarter. Invesco Ltd. boosted its stake in Lowe's Companies by 10.6% during the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer's stock valued at $1,214,448,000 after purchasing an additional 501,154 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Lowe's Companies by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer's stock worth $1,192,213,000 after purchasing an additional 330,701 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Lowe's Companies by 6.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock worth $1,242,793,000 after purchasing an additional 323,371 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Lowe's Companies by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer's stock valued at $881,406,000 after purchasing an additional 225,964 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LOW has been the subject of several research analyst reports. Piper Sandler lifted their price objective on Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Truist Financial lifted their price target on shares of Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective on shares of Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Stifel Nicolaus raised their target price on shares of Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a report on Monday, August 18th. Finally, Gordon Haskett raised shares of Lowe's Companies to a "hold" rating in a research report on Wednesday, August 13th. Sixteen 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $284.13.

Lowe's Companies Stock Performance

Shares of LOW stock traded down $0.51 during mid-day trading on Friday, reaching $271.89. 2,896,462 shares of the company's stock traded hands, compared to its average volume of 2,795,264. The firm has a market capitalization of $152.48 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The firm has a 50 day moving average price of $243.26 and a two-hundred day moving average price of $231.63.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. During the same period last year, the firm earned $4.10 EPS. Lowe's Companies's revenue for the quarter 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. As a group, equities analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $0.012 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe's Companies's payout ratio is 39.44%.

Insider Activity

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction 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 trade represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by 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.