Rosenberg Matthew Hamilton Purchases 360 Shares of Lowe’s Companies, Inc. $LOW

Rosenberg Matthew Hamilton grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 25.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,797 shares of the home improvement retailer’s stock after purchasing an additional 360 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Lowe’s Companies were worth $399,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at about $32,000. Olistico Wealth LLC bought a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $33,000. Inlight Wealth Management LLC purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $36,000. TruNorth Capital Management LLC purchased a new position in Lowe’s Companies in the 1st quarter worth approximately $38,000. Finally, JNBA Financial Advisors increased its stake in Lowe’s Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on LOW. Robert W. Baird boosted their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Barclays set a $267.00 price objective on Lowe’s Companies in a research report on Thursday, August 21st. Piper Sandler boosted their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. KeyCorp boosted their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada boosted their price objective on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $282.91.

Lowe’s Companies Stock Performance

NYSE LOW opened at $240.86 on Wednesday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The stock has a 50 day simple moving average of $254.98 and a two-hundred day simple moving average of $234.50. The stock has a market cap of $135.08 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 2.17 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 the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter last year, the business posted $4.10 EPS. The business’s revenue 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. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Insider Transactions at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $10,564,000.00. Following the completion of the transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by company 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.