Howard Capital Management Inc. Buys 890 Shares of Lowe’s Companies, Inc. $LOW

Howard Capital Management Inc. lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 25.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,410 shares of the home improvement retailer’s stock after acquiring an additional 890 shares during the period. Howard Capital Management Inc.’s holdings in Lowe’s Companies were worth $978,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LOW. Vertex Planning Partners LLC raised its position in shares of Lowe’s Companies by 2.9% in the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after purchasing an additional 44 shares during the period. Quadcap Wealth Management LLC raised its holdings in Lowe’s Companies by 0.5% in the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock worth $2,189,000 after acquiring an additional 46 shares during the period. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Lowe’s Companies by 0.8% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock worth $1,357,000 after acquiring an additional 47 shares during the period. Appleton Partners Inc. MA raised its holdings in Lowe’s Companies by 1.5% in the 2nd quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock worth $713,000 after acquiring an additional 47 shares during the period. Finally, Fielder Capital Group LLC raised its holdings in Lowe’s Companies by 5.9% in the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock worth $202,000 after acquiring an additional 48 shares during the period. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the sale, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on LOW. Barclays set a $267.00 price objective on Lowe’s Companies in a research note on Thursday, August 21st. UBS Group lifted their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Oppenheimer lifted their price target on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Stifel Nicolaus lifted their price target on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 18th. Finally, Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $282.59.

Lowe’s Companies Stock Up 0.2%

Shares of LOW opened at $244.19 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64. The firm has a market capitalization of $136.95 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 2.26 and a beta of 0.88. The stock’s 50-day moving average price is $254.26 and its 200 day moving average price is $236.02.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared 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. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is 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.