Lowe’s Companies, Inc. $LOW Stock Position Trimmed by Loudon Investment Management LLC

Loudon Investment Management LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,962 shares of the home improvement retailer’s stock after selling 225 shares during the period. Lowe’s Companies accounts for approximately 2.7% of Loudon Investment Management LLC’s holdings, making the stock its 10th largest holding. Loudon Investment Management LLC’s holdings in Lowe’s Companies were worth $4,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Lowe’s Companies in the first quarter worth approximately $681,215,000. Pacer Advisors Inc. raised its stake in Lowe’s Companies by 2,984.6% during the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock worth $475,339,000 after purchasing an additional 1,971,996 shares during the period. Assenagon Asset Management S.A. raised its stake in Lowe’s Companies by 1,048.5% during the first quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer’s stock worth $172,527,000 after purchasing an additional 675,318 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Lowe’s Companies by 49.0% in the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after purchasing an additional 618,775 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Lowe’s Companies by 10.6% during the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after buying an additional 501,154 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LOW. Oppenheimer increased their target price on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Wolfe Research began coverage on Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating on the stock. Robert W. Baird lifted their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada raised their price target on shares of Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $285.50.

Lowe’s Companies Stock Down 0.8%

LOW opened at $251.20 on Wednesday. The firm’s 50 day moving average is $252.74 and its 200-day moving average is $233.68. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The firm has a market capitalization of $140.88 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.34 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the business earned $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. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 39.44%.

Insiders Place Their Bets

In related news, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by insiders.

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.