Lowe’s Companies, Inc. $LOW Shares Purchased by Canopy Partners LLC

Canopy Partners LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the second quarter, Holdings Channel reports. The institutional investor owned 2,865 shares of the home improvement retailer’s stock after purchasing an additional 79 shares during the period. Canopy Partners LLC’s holdings in Lowe’s Companies were worth $636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in Lowe’s Companies during the 1st quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new stake in Lowe’s Companies during the 2nd quarter valued at approximately $33,000. Inlight Wealth Management LLC purchased a new stake in Lowe’s Companies during the 1st quarter valued at approximately $36,000. TruNorth Capital Management LLC acquired a new position in Lowe’s Companies during the 1st quarter worth approximately $38,000. Finally, JNBA Financial Advisors increased its position in 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 purchasing an additional 100 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. DA Davidson boosted their target price on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Robert W. Baird boosted their target price on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Royal Bank Of Canada boosted their target price on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. Finally, Truist Financial upped their price target on Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Seventeen research 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, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $283.83.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies 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 sale, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 0.9%

Shares of NYSE LOW opened at $239.58 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The company has a market cap of $134.36 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.24 and a beta of 0.88. The stock has a fifty day moving average price of $254.37 and a 200 day moving average price of $234.34.

Lowe’s Companies (NYSE:LOW) last announced its 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 during the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. 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.