Shell Asset Management Co. Increases Holdings in Lowe’s Companies, Inc. $LOW

Shell Asset Management Co. boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 100.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,608 shares of the home improvement retailer’s stock after buying an additional 13,855 shares during the quarter. Shell Asset Management Co.’s holdings in Lowe’s Companies were worth $6,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of LOW. Fairway Wealth LLC purchased a new stake in shares of Lowe’s Companies in the 1st quarter valued at $32,000. Olistico Wealth LLC bought a new stake in Lowe’s Companies in the second quarter worth $33,000. Inlight Wealth Management LLC purchased a new stake in Lowe’s Companies during the first quarter valued at about $36,000. TruNorth Capital Management LLC bought a new position in shares of Lowe’s Companies during the first quarter valued at about $38,000. Finally, JNBA Financial Advisors lifted its stake in shares of Lowe’s Companies by 147.1% in the 1st 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 last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Down 1.9%

Shares of LOW opened at $241.67 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The firm’s 50-day moving average price is $254.18 and its 200-day moving average price is $234.30. The firm has a market capitalization of $135.54 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.28 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 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 business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $4.10 earnings per share. 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 disclosed 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 is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s payout ratio is presently 39.44%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LOW shares. DA Davidson increased their target price on Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Sanford C. Bernstein increased their price objective on Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Royal Bank Of Canada raised their target price on shares of Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” 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. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Seventeen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $285.50.

Insider Activity

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’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 sale, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the company’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 sale, the executive vice president owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company’s stock.

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.