Focused Investors LLC Has $96.94 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Focused Investors LLC cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 436,900 shares of the home improvement retailer’s stock after selling 9,300 shares during the period. Lowe’s Companies comprises about 3.2% of Focused Investors LLC’s portfolio, making the stock its 18th largest position. Focused Investors LLC’s holdings in Lowe’s Companies were worth $96,935,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Lowe’s Companies in the 1st quarter valued at $32,000. Olistico Wealth LLC bought a new position in shares of Lowe’s Companies in the 2nd quarter valued at about $33,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter worth about $36,000. TruNorth Capital Management LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter worth about $38,000. Finally, JNBA Financial Advisors boosted its holdings in shares of Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after buying an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LOW shares. Wells Fargo & Company lifted 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. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Truist Financial boosted their target price on shares of Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Evercore ISI reduced their price objective on shares of Lowe’s Companies from $275.00 to $250.00 and set an “in-line” rating on the stock in a research note on Tuesday. Finally, Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Seventeen 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $283.83.

Lowe’s Companies Trading Down 0.9%

LOW opened at $239.58 on Wednesday. The company’s fifty day moving average price is $254.37 and its two-hundred day moving average price is $234.34. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The company has a market cap of $134.36 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.24 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, 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 announced 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 is currently 39.44%.

Insider Activity

In related news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the 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 transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

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.