Community Financial Services Group LLC Raises Stake in Lowe’s Companies, Inc. $LOW

Community Financial Services Group LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 20,177 shares of the home improvement retailer’s stock after buying an additional 482 shares during the quarter. Community Financial Services Group LLC’s holdings in Lowe’s Companies were worth $4,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Vanguard Group Inc. lifted its holdings in Lowe’s Companies by 0.4% during the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock valued at $12,736,545,000 after purchasing an additional 230,359 shares during the last quarter. Invesco Ltd. lifted its holdings in Lowe’s Companies by 10.6% during the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after purchasing an additional 501,154 shares during the last quarter. 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Lowe’s Companies by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock valued at $881,406,000 after purchasing an additional 225,964 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Lowe’s Companies by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer’s stock valued at $816,711,000 after purchasing an additional 42,676 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 over the last ninety days. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $248.12 on Thursday. The stock has a market capitalization of $139.16 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.33 and a beta of 0.88. The company’s 50 day moving average price is $253.13 and its 200-day moving average price is $233.78. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly 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. The business had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LOW shares. KeyCorp upped their price objective 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. Barclays set a $267.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. UBS Group increased their price target on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Mizuho increased their price target on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $285.50.

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.