Sigma Investment Counselors Inc. Acquires 1,819 Shares of Lowe’s Companies, Inc. $LOW

Sigma Investment Counselors Inc. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,004 shares of the home improvement retailer’s stock after purchasing an additional 1,819 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Lowe’s Companies were worth $7,323,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Lowe’s Companies by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock worth $12,736,545,000 after purchasing an additional 230,359 shares in the last quarter. Invesco Ltd. increased its stake in Lowe’s Companies by 10.6% during the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock worth $1,214,448,000 after purchasing an additional 501,154 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Lowe’s Companies by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock worth $1,192,213,000 after purchasing an additional 330,701 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Lowe’s Companies by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock worth $881,406,000 after purchasing an additional 225,964 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Lowe’s Companies by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer’s stock worth $816,711,000 after purchasing an additional 42,676 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at $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 available through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LOW shares. Sanford C. Bernstein raised their price target on shares of Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Evercore ISI decreased their price target on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. Finally, Oppenheimer raised 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 note on Thursday, September 25th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $282.91.

Lowe’s Companies Trading Up 0.7%

NYSE:LOW opened at $244.81 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $282.70. The firm has a fifty day simple moving average of $255.21 and a 200 day simple moving average of $234.69. The stock has a market capitalization of $137.30 billion, a PE ratio of 20.12, a P/E/G ratio of 2.27 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its earnings results 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. 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 during the quarter, compared to analysts’ expectations of $23.99 billion. During the same period last year, the business earned $4.10 earnings per share. The firm’s revenue 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. On average, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued 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 currently 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.