Lowe’s Companies, Inc. $LOW Holdings Boosted by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% during the second quarter, HoldingsChannel.com reports. The fund owned 3,161 shares of the home improvement retailer’s stock after acquiring an additional 210 shares during the period. Princeton Global Asset Management LLC’s holdings in Lowe’s Companies were worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Schnieders Capital Management LLC lifted its holdings in Lowe’s Companies by 13.1% in the second quarter. Schnieders Capital Management LLC now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after acquiring an additional 275 shares during the last quarter. Lyell Wealth Management LP lifted its holdings in Lowe’s Companies by 37.0% in the second quarter. Lyell Wealth Management LP now owns 7,183 shares of the home improvement retailer’s stock worth $1,594,000 after acquiring an additional 1,940 shares during the last quarter. Stephens Inc. AR lifted its holdings in Lowe’s Companies by 3.3% in the second quarter. Stephens Inc. AR now owns 112,126 shares of the home improvement retailer’s stock worth $24,877,000 after acquiring an additional 3,558 shares during the last quarter. Sentry Investment Management LLC lifted its holdings in Lowe’s Companies by 430.6% in the second quarter. Sentry Investment Management LLC now owns 902 shares of the home improvement retailer’s stock worth $202,000 after acquiring an additional 732 shares during the last quarter. Finally, LMG Wealth Partners LLC lifted its holdings in Lowe’s Companies by 0.3% in the second quarter. LMG Wealth Partners LLC now owns 24,116 shares of the home improvement retailer’s stock worth $5,351,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $244.81 on Monday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $282.70. The firm has a market capitalization of $137.30 billion, a PE ratio of 20.12, a P/E/G ratio of 2.27 and a beta of 0.88. The company’s 50 day simple moving average is $255.21 and its 200 day simple moving average is $234.78.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the business earned $4.10 earnings per share. The business’s revenue for the quarter 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 anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. 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 currently 39.44%.

Analysts Set New Price Targets

LOW has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Truist Financial lifted their price target on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Finally, 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. Sixteen 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $282.91.

Insider Activity at Lowe’s Companies

In related news, 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 transaction of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, September 11th. The stock was 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 trade represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 over the last ninety days. Insiders own 0.27% of the company’s stock.

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.