Corient Private Wealth LLC Trims Holdings in Lowe’s Companies, Inc. $LOW

Corient Private Wealth LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 16.9% in the second quarter, HoldingsChannel.com reports. The firm owned 292,732 shares of the home improvement retailer’s stock after selling 59,500 shares during the period. Corient Private Wealth LLC’s holdings in Lowe’s Companies were worth $64,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute purchased a new position in shares of Lowe’s Companies during the second quarter worth $27,000. Solstein Capital LLC boosted its holdings in Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares during the period. Traub Capital Management LLC acquired a new position in Lowe’s Companies in the 2nd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC increased its stake in Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 76 shares during the period. Finally, Olistico Wealth LLC purchased a new stake in Lowe’s Companies during the second quarter worth about $33,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on LOW shares. Argus lowered their price objective on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Piper Sandler raised their price target on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. UBS Group cut their price objective on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Oppenheimer reduced their price objective on Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Finally, JPMorgan Chase & Co. boosted their target price on Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Sixteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $275.92.

Lowe’s Companies Trading Up 0.8%

Lowe’s Companies stock opened at $249.25 on Tuesday. The company has a fifty day simple moving average of $238.90 and a 200-day simple moving average of $239.45. The stock has a market cap of $139.82 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 4.10 and a beta of 0.96. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $274.98.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.Lowe’s Companies’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is 39.80%.

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.