Timonier Family Office LTD. Buys 23,364 Shares of Lowe’s Companies, Inc. $LOW

Timonier Family Office LTD. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 830.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 26,177 shares of the home improvement retailer’s stock after acquiring an additional 23,364 shares during the period. Lowe’s Companies makes up 2.2% of Timonier Family Office LTD.’s investment portfolio, making the stock its 16th biggest position. Timonier Family Office LTD.’s holdings in Lowe’s Companies were worth $5,808,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vertex Planning Partners LLC raised its position in Lowe’s Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after purchasing an additional 44 shares in the last quarter. Quadcap Wealth Management LLC increased its position in shares of Lowe’s Companies by 0.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock valued at $2,189,000 after purchasing an additional 46 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Lowe’s Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock valued at $1,357,000 after buying an additional 47 shares in the last quarter. Appleton Partners Inc. MA raised its holdings in shares of Lowe’s Companies by 1.5% during the 2nd quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock valued at $713,000 after buying an additional 47 shares in the last quarter. Finally, Fielder Capital Group LLC lifted its position in Lowe’s Companies by 5.9% in the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock worth $202,000 after buying an additional 48 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,931 shares of company stock valued at $24,945,752 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Up 0.7%

Shares of Lowe’s Companies stock opened at $232.92 on Monday. The company’s fifty day simple moving average is $250.65 and its two-hundred day simple moving average is $237.13. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64. The firm has a market cap of $130.62 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior 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, sell-side analysts expect 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 disclosed 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 annualized dividend and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LOW. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. Piper Sandler increased their target price on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Wolfe Research initiated coverage on shares of Lowe’s Companies in a research note on Wednesday, September 17th. They issued an “outperform” rating for the company. Finally, Royal Bank Of Canada upped their price target 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. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $282.00.

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.