Boston Common Asset Management LLC Purchases 6,634 Shares of Lowe’s Companies, Inc. $LOW

Boston Common Asset Management LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 35.7% in the second quarter, HoldingsChannel reports. The firm owned 25,233 shares of the home improvement retailer’s stock after acquiring an additional 6,634 shares during the period. Boston Common Asset Management LLC’s holdings in Lowe’s Companies were worth $5,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Lowe’s Companies during the 1st quarter valued at $32,000. Inlight Wealth Management LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter valued at $36,000. TruNorth Capital Management LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter valued at $38,000. JNBA Financial Advisors increased its holdings in shares of Lowe’s Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after acquiring an additional 100 shares during the period. Finally, Vista Cima Wealth Management LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter valued at $44,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LOW shares. UBS Group lifted their price target on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Wells Fargo & Company lifted their price target on Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Sanford C. Bernstein lifted their price target on Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Saturday, September 27th. Seventeen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $285.50.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $246.24 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The stock’s fifty day moving average price is $253.95 and its 200 day moving average price is $234.14. The company has a market cap of $138.10 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.28 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last posted 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 business had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 39.44%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the business’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 in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 in the last 90 days. 0.27% of the stock is owned by company 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.