Schulhoff & Co. Inc. Buys 225 Shares of Lowe’s Companies, Inc. $LOW

Schulhoff & Co. Inc. grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,202 shares of the home improvement retailer’s stock after purchasing an additional 225 shares during the period. Schulhoff & Co. Inc.’s holdings in Lowe’s Companies were worth $1,154,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. SeaBridge Investment Advisors LLC grew its holdings in shares of Lowe’s Companies by 3.7% in the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after acquiring an additional 465 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Lowe’s Companies by 8.1% in the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after acquiring an additional 1,242 shares in the last quarter. Advent Capital Management DE grew its holdings in shares of Lowe’s Companies by 20.0% in the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after acquiring an additional 3,000 shares in the last quarter. Cornerstone Wealth Group LLC grew its holdings in shares of Lowe’s Companies by 12.6% in the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock valued at $6,848,000 after acquiring an additional 3,295 shares in the last quarter. Finally, Strathmore Capital Advisors Inc. bought a new position in shares of Lowe’s Companies in the second quarter valued at approximately $2,717,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Up 1.3%

Shares of NYSE LOW opened at $245.42 on Wednesday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64. The stock has a fifty day simple moving average of $255.27 and a two-hundred day simple moving average of $234.99. The firm has a market cap of $137.64 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.24 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 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the company 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. Analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued 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 of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Insider Buying and Selling

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the transaction, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock valued at $24,945,752 over the last three months. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LOW. Stifel Nicolaus upped their target price on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a report on Monday, August 18th. KeyCorp upped their target price on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. UBS Group increased their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Mizuho increased their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Wolfe Research assumed coverage on Lowe’s Companies in a report on Wednesday, September 17th. They set an “outperform” rating for the company. Sixteen 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 presently has a consensus rating of “Moderate Buy” and an average price target of $282.91.

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.