Moloney Securities Asset Management LLC Boosts Stake in Lowe’s Companies, Inc. $LOW

Moloney Securities Asset Management LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,345 shares of the home improvement retailer’s stock after buying an additional 93 shares during the period. Moloney Securities Asset Management LLC’s holdings in Lowe’s Companies were worth $742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlTi Global Inc. raised its stake in shares of Lowe’s Companies by 1.0% in the 2nd quarter. AlTi Global Inc. now owns 12,073 shares of the home improvement retailer’s stock valued at $2,679,000 after purchasing an additional 115 shares in the last quarter. Cardinal Point Capital Management ULC acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $1,262,000. Carnegie Investment Counsel raised its stake in shares of Lowe’s Companies by 0.5% in the 2nd quarter. Carnegie Investment Counsel now owns 159,375 shares of the home improvement retailer’s stock valued at $35,360,000 after purchasing an additional 816 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Lowe’s Companies by 1.4% in the 2nd quarter. Bleakley Financial Group LLC now owns 11,216 shares of the home improvement retailer’s stock valued at $2,488,000 after purchasing an additional 160 shares in the last quarter. Finally, Castle Wealth Management LLC raised its stake in shares of Lowe’s Companies by 1.3% in the 2nd quarter. Castle Wealth Management LLC now owns 5,453 shares of the home improvement retailer’s stock valued at $1,210,000 after purchasing an additional 71 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 0.3%

NYSE LOW opened at $243.06 on Friday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64. The stock has a market cap of $136.31 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a 50-day moving average price of $254.64 and a two-hundred day moving average price of $235.46.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS 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 firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the prior year, the firm earned $4.10 EPS. Lowe’s Companies’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. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays set a $267.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. KeyCorp upped 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 note on Thursday, August 21st. Piper Sandler increased their price objective on shares of Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Wells Fargo & Company increased their price objective on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.91.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of the 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 completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,931 shares of company stock valued at $24,945,752. 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.