Schroder Investment Management Group Has $373.51 Million Stock Position in Lowe’s Companies, Inc. $LOW

Schroder Investment Management Group increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,683,462 shares of the home improvement retailer’s stock after buying an additional 122,638 shares during the quarter. Schroder Investment Management Group owned approximately 0.30% of Lowe’s Companies worth $373,510,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Lowe’s Companies in the 2nd quarter valued at about $1,773,624,000. Nuveen LLC bought a new position in Lowe’s Companies during the first quarter worth $681,215,000. Tableaux LLC acquired a new position in shares of Lowe’s Companies in the second quarter valued at $282,884,000. Laurel Wealth Advisors LLC raised its position in shares of Lowe’s Companies by 22,167.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock valued at $229,041,000 after purchasing an additional 1,027,683 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Lowe’s Companies by 49.0% in the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after purchasing an additional 618,775 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $243.13 on Friday. The firm has a 50 day moving average price of $240.28 and a two-hundred day moving average price of $237.86. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64. The firm has a market cap of $136.35 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The business had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is 39.80%.

Analyst Ratings Changes

LOW has been the subject of several research analyst reports. KeyCorp lifted their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. HSBC decreased their target price on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. TD Cowen reduced their price target on Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Wells Fargo & Company lowered their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Finally, Truist Financial decreased their price target on shares of Lowe’s Companies from $267.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Sixteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $273.79.

Insider Buying and Selling

In related news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The SEC filing for this sale provides additional information. 0.27% of the stock is owned by corporate 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.