Lowe’s Companies, Inc. $LOW Shares Purchased by Strs Ohio

Strs Ohio lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,773 shares of the home improvement retailer’s stock after acquiring an additional 5,351 shares during the quarter. Strs Ohio’s holdings in Lowe’s Companies were worth $41,883,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Solstein Capital LLC boosted its holdings in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares during the period. Fairway Wealth LLC acquired a new position in Lowe’s Companies in the 1st quarter worth approximately $32,000. Olistico Wealth LLC purchased a new position in Lowe’s Companies during the 2nd quarter worth approximately $33,000. TruNorth Capital Management LLC acquired a new stake in Lowe’s Companies during the 1st quarter valued at $38,000. Finally, Barnes Dennig Private Wealth Management LLC raised its stake in Lowe’s Companies by 101.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $239.66 on Friday. The firm has a market cap of $134.41 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 2.21 and a beta of 0.88. The stock has a 50-day simple moving average of $253.56 and a 200-day simple moving average of $236.17. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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 firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share 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 paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 39.44%.

Analysts Set New Price Targets

Several analysts have recently commented on LOW shares. JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Guggenheim reiterated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Truist Financial increased their price target on shares of Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Finally, DA Davidson boosted their price objective on shares of Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $282.59.

Insider Buying and Selling

In other news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was 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 of the company’s stock, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company’s stock.

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.