Woodstock Corp Acquires 118 Shares of Lowe’s Companies, Inc. $LOW

Woodstock Corp increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,321 shares of the home improvement retailer’s stock after purchasing an additional 118 shares during the quarter. Woodstock Corp’s holdings in Lowe’s Companies were worth $3,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LOW. Brighton Jones LLC grew its stake in Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares in the last quarter. Tema Etfs LLC bought a new position in Lowe’s Companies in the fourth quarter worth approximately $403,000. State of Wyoming grew its stake in Lowe’s Companies by 677.1% in the fourth quarter. State of Wyoming now owns 1,088 shares of the home improvement retailer’s stock worth $269,000 after purchasing an additional 948 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in Lowe’s Companies by 5.0% in the fourth quarter. Tidal Investments LLC now owns 45,486 shares of the home improvement retailer’s stock worth $11,226,000 after purchasing an additional 2,179 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Activity

In related news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Price Performance

LOW opened at $272.25 on Tuesday. The company’s 50 day simple moving average is $244.21 and its two-hundred day simple moving average is $231.79. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The firm has a market capitalization of $152.69 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the company posted $4.10 EPS. The business’s 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. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 39.44%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup lowered their target price on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. increased their price objective on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. KeyCorp increased their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, UBS Group increased their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $284.13.

About Lowe’s Companies

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.