Csenge Advisory Group Increases Stock Holdings in Lowe’s Companies, Inc. $LOW

Csenge Advisory Group lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,970 shares of the home improvement retailer’s stock after purchasing an additional 404 shares during the quarter. Csenge Advisory Group’s holdings in Lowe’s Companies were worth $6,088,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Solstein Capital LLC grew its holdings in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares during the period. Olistico Wealth LLC purchased a new stake in shares of Lowe’s Companies in the second quarter valued at about $33,000. TruNorth Capital Management LLC purchased a new position in Lowe’s Companies during the first quarter worth about $38,000. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 101.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after purchasing an additional 97 shares during the period. Finally, Vista Cima Wealth Management LLC purchased a new position in shares of Lowe’s Companies in the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.9%

Shares of NYSE:LOW opened at $237.80 on Wednesday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $280.64. The firm’s 50 day moving average price is $252.17 and its 200 day moving average price is $236.78. The stock has a market cap of $133.36 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.21 and a beta of 0.88.

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 for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter last year, the company earned $4.10 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Wall Street Analyst Weigh In

LOW has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on shares of Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research note on Monday, August 18th. Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Citigroup lowered their price objective on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Finally, UBS Group raised their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $282.59.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’s 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 transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by insiders.

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.