Lowe’s Companies, Inc. $LOW Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 618,112 shares of the home improvement retailer’s stock after selling 83,659 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Lowe’s Companies were worth $137,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Lowe’s Companies in the first quarter valued at approximately $32,000. Inlight Wealth Management LLC acquired a new position in shares of Lowe’s Companies during the first quarter valued at approximately $36,000. IFS Advisors LLC increased its stake in shares of Lowe’s Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 60 shares during the period. TruNorth Capital Management LLC acquired a new position in shares of Lowe’s Companies during the first quarter valued at approximately $38,000. Finally, JNBA Financial Advisors increased its stake in shares of Lowe’s Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of a number of research analyst reports. 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 note on Thursday, August 21st. Oppenheimer raised 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 note on Thursday, September 25th. UBS Group lifted their price target on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Finally, Guggenheim restated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $285.50.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% 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. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE LOW opened at $248.12 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The stock has a market cap of $139.16 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.33 and a beta of 0.88. The firm’s 50 day moving average price is $253.13 and its two-hundred day moving average price is $233.78.

Lowe’s Companies (NYSE:LOW) last posted 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 firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same period in the previous year, the company posted $4.10 EPS. The company’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. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.9%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

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.