Lowe's Companies, Inc. $LOW Shares Acquired by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC increased its stake in Lowe's Companies by 21.7%, acquiring an additional 3,441 shares, resulting in total holdings valued at $4.28 million.
• Analysts have raised their price targets for Lowe's stock, with recommendations ranging from a "buy" rating to a $325.00 target price, indicating robust investor confidence.
• Lowe's announced a quarterly dividend of $1.20 per share, payable on November 5th, which represents a 2.0% dividend yield based on recent stock prices.

Exencial Wealth Advisors LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 21.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,314 shares of the home improvement retailer's stock after acquiring an additional 3,441 shares during the period. Exencial Wealth Advisors LLC's holdings in Lowe's Companies were worth $4,285,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Fairway Wealth LLC acquired a new stake in Lowe's Companies in the 1st quarter worth about $32,000. Olistico Wealth LLC purchased a new position in shares of Lowe's Companies in the 2nd quarter worth about $33,000. TruNorth Capital Management LLC purchased a new position in shares of Lowe's Companies in the 1st quarter worth about $38,000. JNBA Financial Advisors raised its holdings 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 worth $39,000 after purchasing an additional 100 shares during the period. Finally, Vista Cima Wealth Management LLC purchased a new position in shares of Lowe's Companies in the 1st quarter worth about $44,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Piper Sandler raised 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. DA Davidson raised their price objective on Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Guggenheim restated a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. Finally, UBS Group raised their price objective on Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $282.91.

Lowe's Companies Stock Down 0.7%

LOW stock opened at $243.54 on Thursday. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64. The stock's 50 day moving average is $255.01 and its two-hundred day moving average is $235.04. The company has a market capitalization of $136.59 billion, a PE ratio of 20.01, a P/E/G ratio of 2.27 and a beta of 0.88.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion during the quarter, compared to analyst estimates 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 revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a $1.20 dividend. 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 dividend payout ratio (DPR) is presently 39.44%.

Insider Transactions at Lowe's Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 in the last quarter. Insiders own 0.27% of the company's stock.

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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