Advisors Asset Management Inc. Reduces Position in Lowe’s Companies, Inc. $LOW

Advisors Asset Management Inc. trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,665 shares of the home improvement retailer’s stock after selling 7,482 shares during the quarter. Advisors Asset Management Inc.’s holdings in Lowe’s Companies were worth $9,022,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Lowe’s Companies by 0.7% in the second quarter. Vanguard Group Inc. now owns 54,976,355 shares of the home improvement retailer’s stock valued at $12,197,604,000 after buying an additional 366,977 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Lowe’s Companies by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock worth $2,732,049,000 after acquiring an additional 42,190 shares in the last quarter. Invesco Ltd. boosted its holdings in Lowe’s Companies by 10.6% in 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 in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Lowe’s Companies by 6.9% in the 1st 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 buying an additional 330,701 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Lowe’s Companies by 6.4% in the 1st 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 buying an additional 225,964 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LOW shares. JPMorgan Chase & Co. boosted their price target on shares of Lowe’s Companies from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. HSBC cut their target price on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. Evercore ISI reissued a “positive” rating on shares of Lowe’s Companies in a report on Thursday, November 20th. UBS Group decreased their target price on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, Bank of America cut their price target on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Sixteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $274.75.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $238.12 on Wednesday. The firm’s 50-day moving average is $241.78 and its two-hundred day moving average is $237.73. The company has a market capitalization of $133.54 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. The business had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is 39.80%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies 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 completion of the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.27% of the company’s stock.

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.