6,436 Shares in Lowe’s Companies, Inc. $LOW Bought by Impax Asset Management Group plc

Impax Asset Management Group plc bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,436 shares of the home improvement retailer’s stock, valued at approximately $1,428,000.

A number of other large investors have also made changes to their positions in LOW. Nuveen LLC purchased a new stake in Lowe’s Companies in the first quarter worth about $681,215,000. Pacer Advisors Inc. increased its holdings in Lowe’s Companies by 2,984.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock worth $475,339,000 after acquiring an additional 1,971,996 shares in the last quarter. Wellington Management Group LLP increased its holdings in Lowe’s Companies by 49.0% in the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock worth $438,751,000 after acquiring an additional 618,775 shares in the last quarter. Invesco Ltd. raised 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 acquiring an additional 501,154 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Lowe’s Companies by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock valued at $1,192,213,000 after purchasing an additional 330,701 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $231.44 on Friday. The firm has a market capitalization of $129.80 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The business has a 50 day simple moving average of $248.51 and a two-hundred day simple moving average of $237.25. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the business posted $4.10 EPS. The firm’s revenue for the quarter 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. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were issued a $1.20 dividend. The ex-dividend date was Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe’s Companies’s payout ratio is currently 39.44%.

Insider Activity

In other news, 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 value of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction 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. This represents a 2.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank Of Canada increased their target price on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Oppenheimer lifted their price objective on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a 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 investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $280.50.

About Lowe’s Companies

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.