Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Position in Lowe’s Companies, Inc. $LOW

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 648,794 shares of the home improvement retailer’s stock after acquiring an additional 22,204 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Lowe’s Companies were worth $143,948,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after buying an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares in the last quarter. Jennison Associates LLC increased its holdings in Lowe’s Companies by 46.7% in the 1st quarter. Jennison Associates LLC now owns 407,789 shares of the home improvement retailer’s stock valued at $95,109,000 after acquiring an additional 129,780 shares during the last quarter. Resurgent Financial Advisors LLC bought a new stake in Lowe’s Companies in the 1st quarter valued at $212,000. Finally, Brogan Financial Inc. lifted its stake in Lowe’s Companies by 34.0% in the 1st quarter. Brogan Financial Inc. now owns 1,641 shares of the home improvement retailer’s stock worth $383,000 after purchasing an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Activity

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Lowe’s Companies Price Performance

NYSE:LOW opened at $227.59 on Friday. The firm has a market capitalization of $127.64 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.21 and a beta of 0.87. The business has a 50 day simple moving average of $247.66 and a 200-day simple moving average of $237.39. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64.

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 the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe’s Companies’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LOW shares. Robert W. Baird raised their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. Evercore ISI lowered their target price on Lowe’s Companies from $245.00 to $240.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Finally, Piper Sandler boosted their price target on shares of Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $278.91.

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.