OMERS ADMINISTRATION Corp Buys 7,100 Shares of Lowe’s Companies, Inc. $LOW

OMERS ADMINISTRATION Corp boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 575,842 shares of the home improvement retailer’s stock after buying an additional 7,100 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.10% of Lowe’s Companies worth $127,762,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Waterloo Capital L.P. lifted its holdings in shares of Lowe’s Companies by 1.2% during the second quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after acquiring an additional 41 shares during the period. Vertex Planning Partners LLC grew its holdings in shares of Lowe’s Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after purchasing an additional 44 shares during the last quarter. Quadcap Wealth Management LLC increased its position in shares of Lowe’s Companies by 0.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock worth $2,189,000 after purchasing an additional 46 shares in the last quarter. Appleton Partners Inc. MA lifted its holdings in Lowe’s Companies by 1.5% during the 2nd quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock valued at $713,000 after purchasing an additional 47 shares during the last quarter. Finally, Intrua Financial LLC lifted its holdings in Lowe’s Companies by 3.2% during the 2nd quarter. Intrua Financial LLC now owns 1,555 shares of the home improvement retailer’s stock valued at $345,000 after purchasing an additional 48 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research analyst reports. Wolfe Research decreased their price objective on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Sanford C. Bernstein increased their price target on Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Bank of America dropped their price target on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Piper Sandler lifted their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, TD Cowen decreased their target price on Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Fifteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $273.79.

Insider Transactions at Lowe’s Companies

In related news, 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 transaction of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 in the company, valued at $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $243.13 on Monday. The company has a 50 day moving average price of $240.28 and a 200 day moving average price of $237.98. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $280.64. The stock has a market capitalization of $136.35 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s payout ratio is currently 39.80%.

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.