Gitterman Wealth Management LLC Makes New Investment in Lowe's Companies, Inc. $LOW

Key Points

• Gitterman Wealth Management LLC made a new investment of approximately $355,000 in Lowe's Companies during the first quarter, acquiring 1,521 shares of the home improvement retailer.
• Research analysts have mixed views on Lowe's stock, with price targets ranging from $242.00 to $305.00, resulting in an average rating of "Moderate Buy" and a consensus price target of $284.33.
• Lowe's recently reported a quarterly earnings per share of $4.33, surpassing analysts' expectations, and has also announced a dividend increase to $1.20 per share, representing an annualized dividend yield of 1.9%.

Gitterman Wealth Management LLC purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,521 shares of the home improvement retailer's stock, valued at approximately $355,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. RPG Investment Advisory LLC increased its holdings in shares of Lowe's Companies by 106.3% during the first quarter. RPG Investment Advisory LLC now owns 56,736 shares of the home improvement retailer's stock valued at $13,233,000 after acquiring an additional 29,234 shares in the last quarter. Mccarter Private Wealth Services LLC raised its stake in shares of Lowe's Companies by 5.4% in the first quarter. Mccarter Private Wealth Services LLC now owns 2,940 shares of the home improvement retailer's stock worth $686,000 after purchasing an additional 150 shares during the last quarter. Compound Planning Inc. raised its stake in shares of Lowe's Companies by 7.1% in the first quarter. Compound Planning Inc. now owns 7,530 shares of the home improvement retailer's stock worth $1,756,000 after purchasing an additional 498 shares during the last quarter. Hobbs Group Advisors LLC raised its stake in shares of Lowe's Companies by 7.5% in the first quarter. Hobbs Group Advisors LLC now owns 912 shares of the home improvement retailer's stock worth $213,000 after purchasing an additional 64 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Lowe's Companies by 5.5% in the first quarter. Ameriprise Financial Inc. now owns 2,609,325 shares of the home improvement retailer's stock worth $602,713,000 after purchasing an additional 135,245 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Price Performance

Lowe's Companies stock traded up $7.9280 during mid-day trading on Friday, reaching $263.5780. 3,795,959 shares of the stock traded hands, compared to its average volume of 3,263,003. The stock has a market capitalization of $147.72 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.44 and a beta of 0.89. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The business's 50-day moving average is $230.09 and its 200-day moving average is $230.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion during 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%.Lowe's Companies's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were given a $1.20 dividend. The ex-dividend date was Wednesday, July 23rd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Barclays boosted their price target on Lowe's Companies from $245.00 to $277.00 and gave the stock an "equal weight" rating in a research note on Thursday. Piper Sandler boosted their price target on Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research note on Thursday. Guggenheim restated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research note on Thursday. Finally, Citigroup decreased their price target on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Sixteen 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.com, Lowe's Companies currently has an average rating of "Moderate Buy" and an average price target of $284.33.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of the company's 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 completion of the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Juliette Williams Pryor sold 1,130 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president 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 disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Lowe's Companies 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.