Studio Investment Management LLC Acquires 140 Shares of Lowe’s Companies, Inc. $LOW

Studio Investment Management LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,975 shares of the home improvement retailer’s stock after purchasing an additional 140 shares during the quarter. Studio Investment Management LLC’s holdings in Lowe’s Companies were worth $882,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairway Wealth LLC bought a new stake in Lowe’s Companies in the first quarter valued at approximately $32,000. Olistico Wealth LLC bought a new stake in Lowe’s Companies in the second quarter valued at approximately $33,000. TruNorth Capital Management LLC bought a new stake in Lowe’s Companies in the first quarter valued at approximately $38,000. JNBA Financial Advisors increased its stake in Lowe’s Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Finally, Orion Capital Management LLC increased its stake in Lowe’s Companies by 34.2% in the first quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after purchasing an additional 50 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the 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 transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction 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 of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Barclays set a $267.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sanford C. Bernstein upped their target price on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Citigroup lowered their target price 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, Royal Bank Of Canada upped their price target on shares of Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $282.91.

Lowe’s Companies Stock Up 1.3%

Lowe’s Companies stock opened at $245.42 on Wednesday. The stock has a market capitalization of $137.64 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.88. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The company has a 50 day moving average of $255.27 and a 200-day moving average of $234.99.

Lowe’s Companies (NYSE:LOW) last released its quarterly 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 analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts anticipate 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. Investors of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is presently 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.