OMERS ADMINISTRATION Corp Has $132.65 Million Stock Position in Lowe’s Companies, Inc. $LOW

OMERS ADMINISTRATION Corp lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 568,742 shares of the home improvement retailer’s stock after selling 3,016 shares during the period. Lowe’s Companies comprises approximately 1.2% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 28th largest holding. OMERS ADMINISTRATION Corp owned 0.10% of Lowe’s Companies worth $132,648,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LOW. Wood Tarver Financial Group LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in Lowe’s Companies during the first quarter worth $32,000. Orion Capital Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $36,000. Inlight Wealth Management LLC bought a new stake in Lowe’s Companies during the first quarter worth $36,000. Finally, IFS Advisors LLC raised its position in Lowe’s Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after acquiring an additional 60 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies 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 approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction dated 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 directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,059 shares of company stock valued at $11,060,014 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies Stock Performance

Shares of LOW opened at $258.77 on Thursday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The firm has a market cap of $145.02 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.39 and a beta of 0.89. The firm’s 50-day simple moving average is $232.84 and its 200 day simple moving average is $230.46.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $23.99 billion. During the same period last year, the business posted $4.10 earnings per share. The business’s revenue for the quarter 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, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, July 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s payout ratio is 39.44%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price objective on shares of Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, August 21st. Truist Financial raised their target price on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Piper Sandler lifted their price target on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Wells Fargo & Company upped their price objective on Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, KeyCorp raised their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $283.92.

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.