Achmea Investment Management B.V. Sells 1,825 Shares of Lowe’s Companies, Inc. $LOW

Achmea Investment Management B.V. reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,705 shares of the home improvement retailer’s stock after selling 1,825 shares during the period. Achmea Investment Management B.V.’s holdings in Lowe’s Companies were worth $21,456,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vertex Planning Partners LLC boosted its position in shares of Lowe’s Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after buying an additional 44 shares during the last quarter. Quadcap Wealth Management LLC lifted its stake in Lowe’s Companies by 0.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock valued at $2,189,000 after acquiring an additional 46 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Lowe’s Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock valued at $1,357,000 after acquiring an additional 47 shares during the last quarter. Appleton Partners Inc. MA grew its stake in shares of Lowe’s Companies by 1.5% in the second quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock worth $713,000 after acquiring an additional 47 shares during the period. Finally, Fielder Capital Group LLC raised its holdings in shares of Lowe’s Companies by 5.9% during the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock valued at $202,000 after purchasing an additional 48 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Wells Fargo & Company increased their target price on Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Barclays set a $267.00 price target on Lowe’s Companies in a research note on Thursday, August 21st. Mizuho increased their price objective on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, KeyCorp upped their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $282.59.

Lowe’s Companies Stock Down 1.4%

LOW opened at $234.42 on Thursday. The company has a market capitalization of $131.47 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The firm has a 50-day simple moving average of $251.69 and a two-hundred day simple moving average of $236.76. 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 posted its 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. The company 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 firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the business’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 transaction, the executive vice president directly owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. Corporate 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.