Catalytic Wealth RIA LLC Sells 75 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Catalytic Wealth RIA LLC decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,967 shares of the home improvement retailer’s stock after selling 75 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Lowe’s Companies were worth $1,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tidemark LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. bought a new position in Lowe’s Companies in the fourth quarter worth approximately $28,000. Keener Financial Planning LLC purchased a new position in Lowe’s Companies during the 1st quarter worth $35,000. Transcendent Capital Group LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at $31,000. Finally, Stephens Consulting LLC lifted its holdings in shares of Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LOW. Piper Sandler decreased their price objective on Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. reduced their price target on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a report on Wednesday, August 21st. Evercore ISI increased their price objective on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a research note on Wednesday, August 21st. Citigroup cut their price objective on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Finally, Bank of America lowered their target price on Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $254.04.

Lowe’s Companies Price Performance

NYSE LOW opened at $248.50 on Friday. The stock’s fifty day moving average price is $234.08 and its 200 day moving average price is $233.50. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The company has a market cap of $141.61 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.04 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The business had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same period in the prior year, the company earned $4.56 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. Research analysts expect that Lowe’s Companies, Inc. will post 11.94 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.85%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s payout ratio is presently 36.95%.

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.