Buttonwood Financial Advisors Inc. Grows Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Buttonwood Financial Advisors Inc. grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,012 shares of the home improvement retailer’s stock after buying an additional 374 shares during the quarter. Buttonwood Financial Advisors Inc.’s holdings in Lowe’s Companies were worth $1,357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ritter Daniher Financial Advisory LLC DE lifted its holdings in Lowe’s Companies by 357.1% during the first quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 100 shares during the period. Tanglewood Legacy Advisors LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at approximately $31,000. Ruedi Wealth Management Inc. purchased a new position in Lowe’s Companies in the fourth quarter worth $32,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $35,000. Institutional investors own 71.88% of the company’s stock.

Lowe’s Companies Trading Down 4.7 %

LOW traded down $10.85 during trading hours on Friday, hitting $220.02. 9,188,534 shares of the company’s stock were exchanged, compared to its average volume of 2,830,432. The firm has a market cap of $126.98 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.09. Lowe’s Companies, Inc. has a 12-month low of $176.50 and a 12-month high of $237.21. The firm has a 50 day moving average of $227.97 and a 200 day moving average of $213.39.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.07. Lowe’s Companies had a negative return on equity of 58.56% and a net margin of 6.48%. The company had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.97 billion. During the same quarter last year, the company earned $4.67 EPS. Lowe’s Companies’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, research analysts expect that Lowe’s Companies, Inc. will post 13.46 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is presently 43.31%.

Insider Activity

In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $222.53, for a total value of $1,001,385.00. Following the transaction, the executive vice president now owns 46,594 shares of the company’s stock, valued at $10,368,562.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Janice Dupre sold 5,380 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $231.28, for a total value of $1,244,286.40. Following the completion of the transaction, the executive vice president now owns 24,216 shares in the company, valued at approximately $5,600,676.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Joseph Michael Mcfarland sold 4,500 shares of Lowe’s Companies stock in a transaction on Monday, August 28th. The stock was sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the sale, the executive vice president now owns 46,594 shares in the company, valued at $10,368,562.82. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Lowe’s Companies from $249.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Loop Capital raised their price target on shares of Lowe’s Companies from $215.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Barclays dropped their price objective on shares of Lowe’s Companies from $215.00 to $212.00 in a report on Wednesday, May 24th. Wedbush reissued a “neutral” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research report on Wednesday, August 23rd. Finally, Morgan Stanley lifted their price target on Lowe’s Companies from $235.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $237.48.

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.