Lowe’s Companies, Inc. $LOW Shares Purchased by ROSS JOHNSON & Associates LLC

ROSS JOHNSON & Associates LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 37.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 275 shares of the home improvement retailer’s stock after purchasing an additional 75 shares during the quarter. Lowe’s Companies accounts for 1.1% of ROSS JOHNSON & Associates LLC’s portfolio, making the stock its 13th largest position. ROSS JOHNSON & Associates LLC’s holdings in Lowe’s Companies were worth $64,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd grew its stake in Lowe’s Companies by 609.2% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 11,291 shares of the home improvement retailer’s stock valued at $2,633,000 after purchasing an additional 9,699 shares in the last quarter. Stance Capital LLC grew its stake in Lowe’s Companies by 816,000.0% during the 1st quarter. Stance Capital LLC now owns 16,322 shares of the home improvement retailer’s stock valued at $3,807,000 after purchasing an additional 16,320 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in Lowe’s Companies by 6.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 36,924 shares of the home improvement retailer’s stock valued at $8,612,000 after purchasing an additional 2,206 shares in the last quarter. Richwood Investment Advisors LLC grew its stake in Lowe’s Companies by 1.3% during the 1st quarter. Richwood Investment Advisors LLC now owns 6,088 shares of the home improvement retailer’s stock valued at $1,420,000 after purchasing an additional 81 shares in the last quarter. Finally, Petrus Trust Company LTA grew its stake in Lowe’s Companies by 10.4% during the 1st quarter. Petrus Trust Company LTA now owns 2,062 shares of the home improvement retailer’s stock valued at $481,000 after purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Royal Bank Of Canada raised their price objective on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, August 21st. Stifel Nicolaus raised their price objective on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research note on Monday, August 18th. DA Davidson increased their target price on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Finally, Robert W. Baird increased their target price on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.13.

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 stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 30,099 shares in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Up 2.1%

NYSE:LOW opened at $270.00 on Friday. The business’s 50 day moving average is $238.85 and its two-hundred day moving average is $230.74. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The company has a market cap of $151.42 billion, a PE ratio of 22.19, a P/E/G ratio of 2.50 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released 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. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter last year, the business posted $4.10 EPS. Lowe’s Companies’s quarterly revenue was up 1.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a $0.012 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

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.