Bill Few Associates Inc. Purchases 349 Shares of Lowe’s Companies, Inc. $LOW

Bill Few Associates Inc. increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 36.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,294 shares of the home improvement retailer’s stock after acquiring an additional 349 shares during the quarter. Bill Few Associates Inc.’s holdings in Lowe’s Companies were worth $287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. grew its position in Lowe’s Companies by 6.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,795 shares of the home improvement retailer’s stock worth $399,000 after purchasing an additional 101 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Lowe’s Companies by 11.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 111,244 shares of the home improvement retailer’s stock worth $25,435,000 after purchasing an additional 11,070 shares during the last quarter. Clarendon Private LLC grew its position in Lowe’s Companies by 7.0% in the 2nd quarter. Clarendon Private LLC now owns 2,492 shares of the home improvement retailer’s stock worth $553,000 after purchasing an additional 162 shares during the last quarter. CWM LLC grew its position in Lowe’s Companies by 2.0% in the 2nd quarter. CWM LLC now owns 42,682 shares of the home improvement retailer’s stock worth $9,470,000 after purchasing an additional 845 shares during the last quarter. Finally, OFI Invest Asset Management grew its position in Lowe’s Companies by 25.8% in the 2nd quarter. OFI Invest Asset Management now owns 639 shares of the home improvement retailer’s stock worth $142,000 after purchasing an additional 131 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction dated 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 transaction, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on LOW shares. Wolfe Research started coverage on shares of Lowe’s Companies in a research report on Wednesday, September 17th. They issued an “outperform” rating on the stock. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. KeyCorp lifted their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, UBS Group lifted their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $283.13.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $232.28 on Monday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The firm has a market cap of $130.27 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 2.15 and a beta of 0.88. The firm’s 50-day simple moving average is $254.92 and its 200-day simple moving average is $234.42.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same period last year, the firm posted $4.10 EPS. The firm’s quarterly 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 forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

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.