Lowe’s Companies, Inc. $LOW Shares Purchased by Prudential PLC

Prudential PLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 80.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 15,907 shares of the home improvement retailer’s stock after buying an additional 7,106 shares during the period. Prudential PLC’s holdings in Lowe’s Companies were worth $3,529,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. SeaBridge Investment Advisors LLC increased its position in shares of Lowe’s Companies by 3.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock worth $2,859,000 after purchasing an additional 465 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Lowe’s Companies by 2.6% in the second quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock valued at $34,322,000 after buying an additional 3,947 shares in the last quarter. Advent Capital Management DE lifted its stake in Lowe’s Companies by 20.0% during the 1st quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock worth $4,198,000 after acquiring an additional 3,000 shares in the last quarter. Strathmore Capital Advisors Inc. purchased a new stake in Lowe’s Companies during the second quarter worth about $2,717,000. Finally, First Pacific Financial grew its holdings in shares of Lowe’s Companies by 147.3% in the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock valued at $611,000 after purchasing an additional 1,639 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

NYSE:LOW opened at $234.12 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64. The firm has a market cap of $131.30 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The firm’s fifty day moving average price is $243.31 and its 200 day moving average price is $237.39.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same quarter in the previous year, the company earned $2.89 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s payout ratio is presently 39.80%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LOW shares. Royal Bank Of Canada decreased their target price on Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a report on Thursday. Oppenheimer increased their target price on Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Telsey Advisory Group dropped their price objective on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday. Wells Fargo & Company cut their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Finally, Barclays set a $267.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $276.41.

Insider Activity

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,931 shares of company stock worth $14,381,752 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

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.