L. Roy Papp & Associates LLP Has $282,000 Holdings in Lowe’s Companies, Inc. $LOW

L. Roy Papp & Associates LLP lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,269 shares of the home improvement retailer’s stock after selling 112 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Lowe’s Companies were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI increased its position in Lowe’s Companies by 7.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 14,047 shares of the home improvement retailer’s stock valued at $3,117,000 after acquiring an additional 984 shares in the last quarter. McKinley Carter Wealth Services Inc. increased its position in Lowe’s Companies by 2.3% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 13,765 shares of the home improvement retailer’s stock valued at $3,054,000 after acquiring an additional 311 shares in the last quarter. KRS Capital Management LLC increased its position in Lowe’s Companies by 2.2% in the 2nd quarter. KRS Capital Management LLC now owns 3,015 shares of the home improvement retailer’s stock valued at $669,000 after acquiring an additional 66 shares in the last quarter. Stonebridge Financial Group LLC increased its position in Lowe’s Companies by 5.9% in the 2nd quarter. Stonebridge Financial Group LLC now owns 21,894 shares of the home improvement retailer’s stock valued at $4,858,000 after acquiring an additional 1,217 shares in the last quarter. Finally, Horizon Bancorp Inc. IN acquired a new stake in Lowe’s Companies in the 2nd quarter valued at about $222,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $234.59 on Friday. The company’s 50 day simple moving average is $254.80 and its 200 day simple moving average is $234.37. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The firm has a market capitalization of $131.57 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 2.20 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 firm earned $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, analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company 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. The ex-dividend date of this dividend is 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 presently 39.44%.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction that occurred on 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 transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies 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 completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LOW. Robert W. Baird raised their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. KeyCorp lifted their price target on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Oppenheimer lifted their price target on shares of Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Sixteen equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.13.

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.