Highland Capital Management LLC Buys 183 Shares of Lowe’s Companies, Inc. $LOW

Highland Capital Management LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,168 shares of the home improvement retailer’s stock after purchasing an additional 183 shares during the quarter. Lowe’s Companies accounts for about 1.0% of Highland Capital Management LLC’s holdings, making the stock its 18th largest position. Highland Capital Management LLC’s holdings in Lowe’s Companies were worth $18,231,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in LOW. Nuveen LLC bought a new position in shares of Lowe’s Companies in the first quarter valued at approximately $681,215,000. Pacer Advisors Inc. lifted its stake in Lowe’s Companies by 2,984.6% in the 1st 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 in the last quarter. Assenagon Asset Management S.A. lifted its stake in Lowe’s Companies by 1,048.5% in the 1st 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 in the last quarter. Wellington Management Group LLP boosted its holdings in 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 period. Finally, Invesco Ltd. grew its position 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 purchasing an additional 501,154 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LOW. Stifel Nicolaus increased their price objective on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 18th. Wolfe Research started coverage on Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating on the stock. Citigroup cut their price objective 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. KeyCorp upped their price objective on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $285.50.

Lowe’s Companies Stock Performance

Shares of LOW opened at $246.24 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The firm has a market cap of $138.10 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.28 and a beta of 0.88. The firm has a 50 day moving average price of $253.95 and a 200-day moving average price of $234.14.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $23.99 billion. During the same period in the previous year, the firm posted $4.10 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Insider Buying and Selling

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, the executive vice president directly owned 21,603 shares of the company’s stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

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.