Triton Wealth Management PLLC Takes $510,000 Position in Lowe's Companies, Inc. $LOW

Key Points

• Triton Wealth Management PLLC acquired a new stake in Lowe's Companies, valued at approximately $510,000, during the 2nd quarter, acquiring 2,263 shares of the home improvement retailer's stock.
• Analysts have increased their price targets for Lowe's Companies, with estimates reaching as high as $283.00, indicating a consensus rating of "Moderate Buy" among analysts.
• Lowe's recently announced a quarterly dividend of $1.20 per share, to be paid on November 5th, reflecting an annualized yield of 2.0%.

Triton Wealth Management PLLC acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,263 shares of the home improvement retailer's stock, valued at approximately $510,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in Lowe's Companies in the first quarter worth about $32,000. Olistico Wealth LLC bought a new stake in Lowe's Companies during the 2nd quarter valued at approximately $33,000. Inlight Wealth Management LLC bought a new stake in Lowe's Companies during the 1st quarter valued at approximately $36,000. TruNorth Capital Management LLC bought a new stake in Lowe's Companies during the 1st quarter valued at approximately $38,000. Finally, JNBA Financial Advisors boosted its position in Lowe's Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock valued at $39,000 after acquiring an additional 100 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on LOW shares. Stifel Nicolaus lifted their price objective on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research report on Monday, August 18th. Barclays set a $267.00 price objective on Lowe's Companies in a research report on Thursday, August 21st. Truist Financial lifted their price objective on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Royal Bank Of Canada raised their target price on shares of 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, DA Davidson raised their target price on shares of Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Sixteen equities 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $282.91.

Insider Activity at Lowe's Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe's Companies stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company's stock.

Lowe's Companies Trading Up 2.7%

Shares of LOW stock opened at $240.86 on Wednesday. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The firm's 50 day moving average is $254.98 and its 200 day moving average is $234.50. The stock has a market capitalization of $135.08 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.17 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.09. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. During the same quarter last year, the company posted $4.10 earnings per share. The firm's quarterly revenue was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe's Companies's dividend payout ratio (DPR) is currently 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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