Boston Family Office LLC Has $4.82 Million Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• Boston Family Office LLC reduced its stake in Lowe's Companies, Inc. by 8.7%, selling 1,982 shares and leaving them with a total of 20,680 shares valued at approximately $4.82 million.
• Institutional investors now own 74.06% of Lowe's stock, reflecting significant interest amidst other hedge funds also adjusting their holdings.
• Lowe's Companies recently increased its quarterly dividend from $1.15 to $1.20 per share, reaching an annual yield of 1.9%.

Boston Family Office LLC cut its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,680 shares of the home improvement retailer's stock after selling 1,982 shares during the quarter. Boston Family Office LLC's holdings in Lowe's Companies were worth $4,823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Gen Wealth Partners Inc boosted its holdings in Lowe's Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock valued at $534,000 after acquiring an additional 40 shares during the last quarter. Second Line Capital LLC boosted its holdings in Lowe's Companies by 0.9% in the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock valued at $1,183,000 after acquiring an additional 44 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Lowe's Companies by 0.8% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock valued at $1,357,000 after acquiring an additional 47 shares during the last quarter. Fielder Capital Group LLC boosted its holdings in Lowe's Companies by 5.9% in the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock valued at $202,000 after acquiring an additional 48 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC boosted its holdings in Lowe's Companies by 1.1% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer's stock valued at $1,066,000 after acquiring an additional 49 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Trading Up 2.1%

Shares of NYSE:LOW traded up $5.3180 during trading on Tuesday, hitting $256.2080. 4,697,399 shares of the company were exchanged, compared to its average volume of 2,909,601. The stock has a market cap of $143.59 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 2.37 and a beta of 0.89. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The firm has a fifty day moving average price of $227.16 and a two-hundred day moving average price of $229.98.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. The firm had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%.The business's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.06 EPS. Lowe's Companies has set its FY 2025 guidance at 12.150-12.400 EPS. As a group, research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, July 23rd. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's payout ratio is presently 39.77%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a report on Monday. Guggenheim reiterated a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a research report on Tuesday, July 22nd. Gordon Haskett upgraded Lowe's Companies to a "hold" rating in a research report on Wednesday, August 13th. Truist Financial set a $264.00 target price on Lowe's Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company dropped their target price on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.68.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company's stock.

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.